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If a Price Ceiling Is to Be Effective,it Should Be

Question 15

Multiple Choice

If a price ceiling is to be effective,it should be set


A) Below the equilibrium price,and it will create a market shortage.
B) Below the equilibrium price,and it will create a market surplus.
C) Above the equilibrium price,and it will create a market shortage.
D) Above the equilibrium price,and it will create a market surplus.

Correct Answer:

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