When a free market for a good reaches equilibrium, anyone who is willing and able to pay the market price can buy the good.
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Q14: Policymakers use taxes to raise revenue for
Q15: When free markets ration goods with prices,
Q16: Price controls are usually enacted when policymakers
Q17: If a price ceiling is not binding,
Q18: Minimum-wage laws dictate the lowest wage that
Q20: A price ceiling set above the equilibrium
Q21: A price ceiling set above the equilibrium
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Q24: A price ceiling set below the equilibrium
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