In order to have an effect on the market, a price ceiling must be a. Above the
Question:
In order to have an effect on the market, a price ceiling must be
a. Above the equilibrium price.
b. Below the equilibrium price.
c. Equal to the equilibrium price.
d. At a price that equates the quantity supplied and the quantity demanded.
e. None of the above
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The correct answer is b Below the equilibrium price In order to have an effect on the market a price ...View the full answer
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