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daogrady daogrady
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If the government fixes the price of good X above its free-market equilibrium level, we should expect

▸ a surplus of good X to occur.

▸ an excess demand for good X.

▸ a new free-market equilibrium price to be established.

▸ a hidden market to arise for good X.

▸ a shortage of good X to occur.
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Microeconomics

Microeconomics


Edition: 17th
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flash33101flash33101
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