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Which situation will MOST LIKELY result in a decrease in quantity supplied for Product X? Responses A The government imposes a price ceiling for Product
Which situation will MOST LIKELY result in a decrease in quantity supplied for Product X? Responses A The government imposes a price ceiling for Product X that is lower than the equilibrium price.The government imposes a price ceiling for Product X that is lower than the equilibrium price. B The government imposes a price ceiling for Product X that is higher than the equilibrium price.The government imposes a price ceiling for Product X that is higher than the equilibrium price. C The government imposes a price floor for Product X that is lower than the equilibrium price.The government imposes a price floor for Product X that is lower than the equilibrium price. D The government imposes a price floor for Product X that is higher than the equilibrium price.The government imposes a price floor for Product X that is higher than the equilibrium price
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