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Suisnou 1o sni an increase in the producer surplus in the housing market .d O A price ceiling makes it illegal to charge a higher price than the specified price :choose one true O Error O

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 4P

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Question

Suisnou 1o sni
.an increase in the producer surplus in the housing market .d O
A price ceiling makes it illegal to charge a higher price than the specified price
:choose one
true O
Error O
price floor results in a surplus if the floor price is higher than the equilibrium price

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