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Suppose That the Average Cost of a Doctor's Visit Is

Question 5

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Suppose that the average cost of a doctor's visit is $100.If the government imposes a price ceiling of $50 on the cost of a doctor's visit, there will be:
A.an excess supply of doctor's visits.
B.an excess demand for doctor's visits.
C.an increase in the equilibrium number of doctor's visits.
D.no change in the number of doctor's visits.

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an excess ...

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