A price ceiling does NOT lead to a deadweight loss if ________.

tuggy

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A price ceiling does NOT lead to a deadweight loss if ________.

A price ceiling does NOT lead to a deadweight loss if ________.
A) the equilibrium market price lies below the price ceiling
B) the equilibrium market price lies above the price ceiling
C) the price elasticity of market demand is greater than 1
D) the price elasticity of market supply is greater than 1

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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