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27-12-2022
Business

Answered

Refer to Exhibit 4-3. If price P3 is a price ceiling, then:
O the price ceiling does not have an effect on the market for good X.
O the price at which exchange takes place is P3.
O the price at which exchange takes place is P2.
O there is a shortage in the market for good X.
O both a and c

Answer :

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