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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Which of the following is true?
i.   A price ceiling set below the equilibrium price decreases search activity.
ii.   A minimum wage is an example of a price ceiling.
iii.   A price support decreases the quantity consumed.
A) only i
B) only ii
C) only iii
D) i and iii
E) ii and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 152 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Top Poster
Posts: 1913
9 years ago
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