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Which of the following scenarios will produce a surplus but no inefficiency? A. a binding price ceiling in a market with perfectly inelastic supply. B.
Which of the following scenarios will produce a surplus but no inefficiency? A. a binding price ceiling in a market with perfectly inelastic supply. B. a binding price ceiling in a market with perfectly inelastic demand. C. a binding price floor in a market with perfectly inelastic supply. D. a binding price floor in a market with perfectly inelastic demand
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