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dskmvld dskmvld
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5 years ago

Question 1.

In the short run, whenever excess demand exists, it is necessary to



▸ ration the good.

▸ put the good on sale.

▸ increase the supply of the good.

▸ impose a price ceiling on the good.

Question 2.

The harmful effect of a price ceiling to ________ is ________.



▸ producers; the selling price of the product is above the equilibrium price

▸ producers; the ceiling creates a surplus of the product

▸ consumers; the selling price of the product is above the equilibrium price

▸ consumers; the ceiling creates a shortage of the product
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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gturgtur
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5 years ago
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dskmvld Author
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This calls for a celebration Person Raising Both Hands in Celebration
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Brilliant ツ
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Thanks for your help!!
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