Which of the following is NOT true about price controls Governments use price ceilings and price floors to intervene in markets A price ceiling is a maximum legal price that can be charged for a product Price floors set above market equilibrium result in surpluses Price ceilings set below market e...

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Which of the following is NOT true about price controls? Governments use price ceilings and price floors to

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Exploring Economics

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Authors: Robert L Sexton

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Which of the following is NOT true about price controls? Governments use price ceilings and price...

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