Statement 1: Price ceilings cause shortages. Statement 2: Interest rates are set by supply and demand, but
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Statement 1: Price ceilings cause shortages. Statement 2: Interest rates are set by supply and demand, but wage rates are not.
a) Statement 1 is true and statement 2 is false.
b) Statement 2 is true and statement 1 is false.
c) Both statements are true.
d) Both statements are false.
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The correct answer is a Statement 1 is true and statement 2 is false Explanation Statement 1 True Pr...View the full answer
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