Where is a price ceiling with respect to equilibrium price, Microeconomics

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Where is a price ceiling with respect to equilibrium price

Problem

1. Where is a price ceiling with respect to equilibrium price? What will be the relative size of quantity demanded and quantity supplied?

2. How is equilibrium price affected by changes in (a) demand and (b) supply?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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