If a Price Ceiling Is to Be Effective,it Should Be

question 15

Multiple Choice

If a price ceiling is to be effective,it should be set

• A)Below the equilibrium price,and it will create a market shortage.
• B)Below the equilibrium price,and it will create a market surplus.
• C)Above the equilibrium price,and it will create a market shortage.
• D)Above the equilibrium price,and it will create a market surplus.

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