When there are long-lasting shortages, there are long lines of people waiting to buy goods. It follows

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“When there are long-lasting shortages, there are long lines of people waiting to buy goods. It follows that the shortages cause the long lines.” Do you agree or disagree? Explain your answer.

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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When there are long-lasting shortages, there are long lines of people waiting to buy goods. It follows

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Disagree Both longlasting shortages and long lines are caused by price ceilings Fi...View the full answer

Microeconomics

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