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Which situation will MOST LIKELY result in a decrease in quantity demanded for Product X?
...
13
Which situation will MOST LIKELY result in a decrease in quantity demanded for Product X?
(4 Points)
The government imposes a price ceiling for Product X that is lower than the equilibrium price.
The government imposes a price ceiling for Product X that is higher than the equilibrium price.
The government imposes a price floor for Product X that is lower than the equilibrium price.
The government imposes a pricg floor for Product X that is higher than the equilibrium price.
Answers: 2
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