Saise3391 Saise3391

08-01-2024
Business

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If a price ceiling of 14 is set in the market shown in the graph, What will happen to the following?
I. Total surplus
II. Deadweight loss
III. Producer surplus
1) All options will increase
2) All options will decrease
3) I will increase, II will decrease, III will increase
4) I will decrease, II will increase, III will decrease

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