Question: Please help below question for test prep DOES NOT VIOLATE HONOR CODE A government mandated price ceiling is effective when a) the government sets price

Please help below question for test prep DOES NOT VIOLATE HONOR CODE

A government mandated price ceiling is effective when

a) the government sets price above market equilibrium price.

b) the economic result of the ceiling is to create a shortage

c) the government sets price below market equilibrium price.

d) Both b and c.

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