A Non-Binding Price Ceiling I.causes a Surplus

question 123

Multiple Choice

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

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