Question: n Schmidtz's beer, ice, insulin example, what is the likely result when the government imposes a ceiling on the price of ice? Question 8 options:
n Schmidtz's beer, ice, insulin example, what is the likely result when the government imposes a ceiling on the price of ice? Question 8 options: Beer drinkers are unwilling to buy ice at the government controlled price. Ice sellers are able price gouge and insulin users have to pay a high price for their ice. Beer drinkers are still in the ice market and buy some of the ice that insulin users need. All in\sulin users get the ice they need since they don't have to pay more than the usual price for ice
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