Long lines and discrimination are examples of rationing methods that may naturally develop in response to a binding price ceiling.
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Q21: A price ceiling set above the equilibrium
Q22: If a price ceiling of $2 per
Q23: Economists argue that rent control is a
Q24: A price ceiling set below the equilibrium
Q25: A binding price ceiling causes quantity demanded
Q27: A binding price ceiling causes a shortage
Q28: Binding price ceilings benefit consumers because they
Q29: Price ceilings are typically imposed to benefit
Q30: Price ceilings are typically imposed to benefit
Q31: A binding price ceiling may not help
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