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irga5000 [103]
3 years ago
10

In a market with a binding price ceiling, an increase in the ceiling will ________ the quantity supplied, ________ the quantity

demanded, and reduce the ________. increase, decrease, surplus decrease, increase, surplus
Business
1 answer:
zhannawk [14.2K]3 years ago
7 0

Answer:

In a market with a binding price ceiling, an increase in the ceiling will decrease the quantity supplied, increase the quantity demanded, and reduce the surplus.

Explanation:

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