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MICROECONOMICS EXAM BUNDLE CONTAINING TEST EXAMS,FLASHCARDS, PRACTICE QUESTIONS, STUDY GUIDES, REVIEW QUESTIONS AND ANSWERS(GRADED A ) FULLY VERIFIED AND APPROVED FOR YOUR UNDERSTANDING.

Price controls such as price ceilings and price floors: a. are desirable because they make markets more efficient as well as equitable. b. cause surpluses and shortages to persist since price cannot adjust to the market equilibrium price. c. are imposed because they can make the poor in the economy...

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