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:

Verified
Correct Answer:
Verified
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