Business, 07.10.2020 22:01 1129682

If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the market for avocados? Group of answer choices The equilibrium price will remain unchanged from the price ceiling. The equilibrium price will rise to $4.50 as a result of the price ceiling. A shortage of avocados will result from the price ceiling. A surplus of avocados will result from the price ceiling.

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If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what...

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