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Help Take a Test ECO 111 SL2 Summer Session 1 2018 Quiz: Chapter 4 Quiz This Question: 1 pt 9 of 32 (29 This Qu A student makes the following argument A price ceiling, on the other hand, increases the amount of the product below the competitive market equilibrium competive market equilibrium Aprice the Do you agree with the students reasoning? 1.) Use the line drawing tool to draw the price floor Properly label this line 2.) Use the line drawing tool to draw the price ceiling Properly label this ine. Demand 0, O B. does increase the amount of the product that consumers buy because it creates a surplus O C. does not increase the amount of the product that consumers buy because it creates a shortage O D. does not increase the amount of the product that consumers buy because it creates a surplus
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