If An Effective Ceiling Price Is Placed On Hamburgers Then

(Correct Answer Below)

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If An Effective Ceiling Price Is Placed On Hamburgers Then

: 1. the quantity demanded will exceed the quantity supplied. 2. a black market for hamburger may evolve. 3. consumers may want government to ration hamburger. 4. All of these are likely outcomes.
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all of these are likely outcomes

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