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Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas
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Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas / Problem 4
Problem 4
Which of the following is a real-world example of a price ceiling?
A
Tariffs on imported goods.
B
Rent control in urban areas.
C
Subsidies for agricultural products.
D
Minimum wage laws.
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