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Advanced Placement (AP)

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Use the graph below to answer questions 4 – 6:

4. Does the graph above show a price floor or a price ceiling?

5. Will the price floor or price ceiling above cause a shortage or a surplus?

6. What is the amount of the shortage or surplus?

Use the graph below to answer questions 4 – 6: 4. Does the graph above show a price floor or a price ceiling? 5. Will the price floor or price ceiling above cau class=

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