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What does a binding price ceiling cause? Answer options: a.) a shortage that cannot be eliminated through market adjustment b.) a surplus that cannot be

What does a binding price ceiling cause?

Answer options:

a.) a shortage that cannot be eliminated through market adjustment

b.) a surplus that cannot be eliminated through market adjustment

c.) a surplus that is temporary, since market adjustment will cause price to rise

d.) a shortage that is temporary, since market adjustment will cause price to rise

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