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write 150 words on : Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket. As a result of this policy, do more or fewer people attend classical music concerts? Explain.

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When Congress imposes a price ceiling of $40 on classical music concert tickets, the outcome depends on how the ceiling compares to the market equilibrium price. If the typical equilibrium ticket price is higher than $40, then the ceiling creates a shortage. More people will want to attend concerts because the lower price makes tickets more affordable.

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