Question: 1.2. True or false? Explain your answer. A price ceiling below the equilibrium price of an otherwise efficient market does the following: a. Increases quantity

1.2. True or false? Explain your answer. A price ceiling below the equilibrium price of an otherwise efficient market does the following:

a. Increases quantity supplied

b. Makes some people who want to consume the good worse off

c. Makes all producers worse off

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