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4 Jan 2018
4) When a price ceiling is set below the equilibrium price, A) the demand curve shifts leftward. B) the quantity supplied exceeds the quantity demanded, C) the quantity supplied equals the quantity demanded. D) the supply curve shifts rightward. E) the quantity demanded exceeds the quantity supplied.
4) When a price ceiling is set below the equilibrium price, A) the demand curve shifts leftward. B) the quantity supplied exceeds the quantity demanded, C) the quantity supplied equals the quantity demanded. D) the supply curve shifts rightward. E) the quantity demanded exceeds the quantity supplied.
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