In the market depicted in the figure, there is either a price ceiling or a price floorsurprisingly,
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In the chart, theres a rectangle and a triangle. One represents the value lost from the deals that dont get made and one represents the value lost from the deals that do get made. Which is which?
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Price Supply 580 30 Demand 100 200 Quantity
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Triangle B represents value lost from the deals that dont get made Rectangle A represents the value lost in the deals that do ...View the full answer
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