The loss in economic efficiency that results from a government imposed ceiling price set below the market equilibrium price is

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    the deadweight loss of producer and consumer surplus.
     the shortage that results as the quantity supplied to the market exceeds the quantity demanded.
     the profit loss that occurs from the lower price being charged.
     the surplus that results as the quantity supplied to the market exceeds the quantity demanded.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the deadweight loss of producer and consumer surplus.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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