What would be the effect of a price ceiling?
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What would be the effect of a price ceiling?
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A price ceiling reduces the quantity exchanged because the lower regulated price reduces the quanti...View the full answer
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Mark John Lloyd Macabenta
I am a graduate of BS Applied Mathematics major in Operations Research. I have been tutoring Mathematics for over 7 years now. In 2012, I was elected to be the President of the Society of Math Majors in Mindanao Chapter. We sponsored and officiated Mathematics program throughout the region. Currently, I am employed as an Analyst in a Global firm.
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