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Business, 16.03.2020 18:58 maribel5979

1. Problems and Applications Q1 Suppose the demand for classical music concert tickets is downward sloping and the supply of classical music concert tickets is upward sloping. Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket. True or False: If the equilibrium price of concert tickets were $30, a price ceiling of $40 will cause more people to attend classical music concerts than if there is no price control. True False

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