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  3. Study Set
    Managerial Economics in a Global Economy
  4. Exam
    Exam 2: Demand, Supply, and Equilibrium Analysis
  5. Question
    A Price Ceiling Below the Equilibrium Price May Lead to Shortage
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A Price Ceiling Below the Equilibrium Price May Lead to Shortage

Question 48

Question 48

True/False

A price ceiling below the equilibrium price may lead to shortage of a good, black markets and other undesirable consequences.

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