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Which of the Following Statements Is True

Question 39

Multiple Choice

Which of the following statements is true?


A) Price ceilings set below the equilibrium price cause shortages.
B) Surpluses result when a price floor is set above the equilibrium price.
C) Price ceililngs set above the equilibrium price cause surpluses.
D) Price ceilings are set by the market and price floors are set by the government.
E) ​a and b

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