Question
If a market is initially in equilibrium, what is the effect of a price ceiling set above the equilibrium price? Group of answer choices A
If a market is initially in equilibrium, what is the effect of a price ceiling set above the equilibrium price?
Group of answer choices
A shortage for a good or service
A surplus for a good or service
An increase in the amount of a good or service bought and sold
A shift of the demand curve to the right
No effect
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
