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MMLU / A price ceiling is characterized by

Problem

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question

A price ceiling is characterized by

choices

  1. a price set below the current (or equilibrium) market price of the good.
  2. a price set above the current (or equilibrium) market price of the good.
  3. a shift of the demand curve (function).
  4. a shift of the supply curve.

subject

high_school_microeconomics

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Source and history

Official source

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