Price ceilings can result in a net loss in consumer surplus when the curve is .

corie

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Price ceilings can result in a net loss in consumer surplus when the ________ curve is ________.

Price ceilings can result in a net loss in consumer surplus when the ________ curve is ________.
A) demand; very elastic
B) demand; very inelastic
C) supply; very inelastic
D) none of the above; price ceilings always increase consumer surplus

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Microeconomics

Edition: 8^th

Author: Pindyck

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