Producers in a market suffer a loss of producer surplus with a binding price ceiling on a good

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    due to all producers who remain in the market receiving a lower price for the goods sold.
     due to some producers leaving the market as the lower price makes it unprofitable for them to remain in the market.
     due to some producers who remain in the market producing a lower quantity than before the price ceiling was imposed.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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