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    Principles of Microeconomics
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    Exam 4: Demand and Supply Applications
  5. Question
    A Shortage Will Occur If a ________ Is Set ________
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A Shortage Will Occur If a ________ Is Set ________

Question 42

Question 42

Multiple Choice

A shortage will occur if a ________ is set ________ the equilibrium price.


A) price floor; below
B) price floor; above
C) price ceiling; above
D) price ceiling; below

Correct Answer:

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