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Business, 05.07.2019 11:30 Miccyy

When the government imposes a binding price ceiling on loaves of bread, producers will want to supply (a) bread and consumers will demand (b) bread. therefore, a binding price ceiling will lead to a (c) of bread. the price ceiling will have other effects as well. the size of a loaf of bread and the quality of bread would (d) . although the consumers lucky enough to buy bread would pay a lower price, their opportunity cost of buying bread would (e) . the price ceiling would also cause other changes over time. in the long run, the demand for and supply of bread becomes (f) elastic, leading to a (g) ?

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