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Which of the following istrue about price ceilings? More sellers are willing to sell when a price ceiling has been set. The moment when a

Which of the following istrue about price ceilings?

More sellers are willing to sell when a price ceiling has been set.

The moment when a price ceiling is above equilibrium, it prevents price increases.

Binding price ceilings can cause shortages of certain products.

A price ceiling has to be higher than equilibrium in order to be binding.

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