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Which of the following statements is true as it relates to equilibrium? a.)There is no deadweight loss at equilibrium. b.)Set below equilibrium, rent control is
Which of the following statements is true as it relates to equilibrium?
- a.)There is no deadweight loss at equilibrium.
- b.)Set below equilibrium, rent control is an example of a price floor.
- c.)For a price ceiling to be an effective, binding constraint, it must be set higher than equilibrium.
- d.)When above equilibrium, price floors transfer surplus from producers to consumers.
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