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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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
