Which of the Following Is True

question 94

Multiple Choice

Which of the following is true?
i.A price ceiling set above the equilibrium price has no effects.
ii.A price ceiling set below the equilibrium price creates a surplus.
iii.A price floor set above the equilibrium price has no effects.

• A) Only i
• B) Only ii
• C) Only iii
• D) i and ii
• E) ii and iii

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