A price ceiling imposed below the equilibrium price ______. A. Creates a black market in which the

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A price ceiling imposed below the equilibrium price ______.
A. Creates a black market in which the price might equal or exceed the equilibrium price
B. Creates a black market in which the price equals the price ceiling
C. Leads to increased search activity, which reduces the shortage of the good
D. Increases the demand for the good, which makes the shortage even larger

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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