Question
If the current market price of good Z is below the equilibrium price of good Z O it must be because the government has
If the current market price of good Z is below the equilibrium price of good Z O it must be because the government has imposed a price ceiling in the market for good Z. O there is a shortage of good Z. there is a surplus of good Z. demand must necessarily decrease to restore equilibrium.
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
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