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copperbat952Lv1
28 Sep 2019
If a price ceiling is to be effective, it should be set
a. Below the equilibrium price, and it will create a market surplus.
b. Below the equilibrium price, and it will create a market shortage.
c. Above the equilibrium price, and it will create a market shortage.
d. Above the equilibrium price, and it will create a market surplus.
If a price ceiling is to be effective, it should be set
a. Below the equilibrium price, and it will create a market surplus.
b. Below the equilibrium price, and it will create a market shortage.
c. Above the equilibrium price, and it will create a market shortage.
d. Above the equilibrium price, and it will create a market surplus.
teacherrecoLv10
21 Feb 2022
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chemosmart-007Lv10
23 Jan 2022
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23 Jan 2022
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aniket3008Lv10
11 Sep 2021
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anshumsharmaLv10
5 Sep 2021
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Darryn D'SouzaLv10
28 Sep 2019
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Related questions
In a free market:
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a. the market price will adjust to equilibrium |
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b. any surplus or shortage will be eliminated |
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c. both of the above |
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d. neither of the above |
