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Costa Costa
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6 years ago
Which of the following statements best differentiates price ceilings and price floors?
A) Price ceilings represent minimum prices, while price floors represent maximum prices
B) Price ceilings are always set below the equilibrium price, and price floors are always set above the equilibrium price
C) Price ceilings are maximum prices above which one cannot legally sell, whereas price floors are minimum prices below which one cannot legally sell
D) Price floors cause shortages to appear, whereas price ceilings cause surpluses to appear
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Microeconomics

Microeconomics


Edition: 2nd
Author:
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angelverdeangelverde
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6 years ago
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