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Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660819Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660819 Exercise 3
A price ceiling will result in a shortage only if the ceiling price is __________ the equilibrium price.
A) Less than.
B) Equal to.
C) Greater than.
D) Faster than.
A) Less than.
B) Equal to.
C) Greater than.
D) Faster than.
Explanation
Verified
Verified
Price ceiling refers to maximum price th...
Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
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