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dillon_green23 dillon_green23
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5 years ago

Question 1.

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



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

▸ producers; the floor creates a surplus of the product

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

▸ consumers; the floor creates a shortage of the product

Question 2.

Queuing, or waiting in line, is an alternative rationing mechanism to price rationing.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Strategyboyz21Strategyboyz21
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