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Ace_AZ Ace_AZ
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Posts: 351
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6 years ago
When the government imposes a price ceiling on a product below the equilibrium price, the government creates
A) a shortage.
B) a surplus.
C) equilibrium in the market.
D) a shortage only if the quantity demanded is less than the quantity supplied.
E) a surplus only if the quantity supplied is less than the quantity demanded.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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AnsuhaAnsuha
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Posts: 226
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6 years ago
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Ace_AZ Author
wrote...
#2
6 years ago
Going to mark this solved!
wrote...
#3
6 years ago
Perfect
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