A Binding Price Ceiling I.causes a Surplus

question 83

Multiple Choice

A binding price ceiling I.causes a surplus.
II) causes a shortagE.iiI.is set at a price above the equilibrium pricE.iv.
Is set at a price below the equilibrium pricE.​

• A)​(ii) only
• B)​(iv) only
• C)​(i) and (iii) only
• D)​(ii) and (iv) only

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Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.

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