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Refer to the Graph Shown

Question 100

Multiple Choice

Refer to the graph shown. If a price control is used to eliminate deadweight loss, the new price and quantity in this market will be: Refer to the graph shown. If a price control is used to eliminate deadweight loss, the new price and quantity in this market will be: A) P<sub>1</sub> and Q<sub>1</sub>, respectively. B) P<sub>2</sub> and Q<sub>1</sub>, respectively. C) P<sub>2</sub> and Q<sub>2</sub>, respectively. D) P<sub>3</sub> and Q<sub>3</sub>, respectively.


A) P1 and Q1, respectively.
B) P2 and Q1, respectively.
C) P2 and Q2, respectively.
D) P3 and Q3, respectively.

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