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Equilibrium and Price Ceilings and Floors Review Flashcards | StudBud
Equilibrium and Price Ceilings and Floors Review
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All of the following are inefficiencies caused by a price floor except
A
buyers who want to purchase a higher price are not allowed
B
surpluses must be destroyed or thrown away
C
a black market emerges
D
sellers who want to sell at a lower price can't
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