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A Price Ceiling Is Likely to Result In

Question 59

Essay

A price ceiling is likely to result in:
A.a persistent surplus, a transfer of surplus from producers to consumers, and deadweight loss.
B.a persistent shortage, a transfer of surplus from producers to consumers, and deadweight loss.
C.a persistent shortage, a transfer of surplus from consumers to producers, and no deadweight loss.
D.a persistent surplus, a transfer of surplus from consumers to producers, and deadweight loss.

Correct Answer:

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a persistent shortag...

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