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Which of the following is a consequence of price ceiling? Question 21Answer a.It can lead to a decrease in economic efficiency. b.It can lead to

Which of the following is a consequence of price ceiling?

Question 21Answer

a.It can lead to a decrease in economic efficiency.

b.It can lead to a fall in the black market for the good or service.

c.It can lead to a surplus of goods or services.

d.It can lead to an increase in the quality of the goods or service.

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