Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible

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Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible prices, such as those on gasoline? LO5

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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Question Posted: Oct 02, 2024 07:04 AM

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Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible prices, such as those on gasoline? LO5
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Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible

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Essentials Of Economics

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