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What is a price ceiling and why must it be below the equilibrium price to be effective?

coolcat

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What is a price ceiling and why must it be below the equilibrium price to be effective?

What is a price ceiling and why must it be below the equilibrium price to be effective?

Textbook

Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 153 times

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crdsa

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coolcat Author

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