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Loraine Loraine
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9 years ago
Which of the following is true?
i.   A price support is inefficient.
ii.   A price floor set above the equilibrium price creates a surplus.
iii.   A price ceiling set above the equilibrium price creates a black market.
A) only i
B) only ii
C) only iii
D) i and ii
E) ii and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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