When government imposes a price ceiling below the market, Ask an Expert

Economics

When government imposes a price ceiling below the market price, the result will be that Select one:

a. surpluses occur.

b. shortages become a problem.

c. supply and demand will shift up to the new equilibrium.

d. A price ceiling set below the equilibrium price will have no effect on the market equilibrium.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725590

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