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Price ceilings and price floors

DenverMade

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9 months ago

Price ceilings and price floors

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shift demand and supply curves and therefore have no effect upon the rationing function of prices.

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interfere with the rationing function of prices.

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make the rationing function of free markets more efficient.

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cause surpluses and shortages, respectively.

Textbook

Economics

Edition: 12^th

Author: Arnold

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miemitch

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9 months ago

More solutions for this book are available here

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DenverMade Author

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