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Loraine Loraine
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8 years ago
When a price ceiling is set below the equilibrium price, the quantity supplied ________ the quantity demanded and ________ exists.
A) is less than; a surplus
B) is less than; a shortage
C) is greater than; a surplus
D) is greater than; a shortage
E) equals; an equilibrium
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Loraine Author
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