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In Cloud Cuckoo Land, if a price ceiling is set below the equilibrium price, the quantity demanded exceeds the quantity supplied. the demand curve shifts
In Cloud Cuckoo Land, if a price ceiling is set below the equilibrium price, the quantity demanded exceeds the quantity supplied. the demand curve shifts leftward. the quantity supplied exceeds the quantity demanded. the quantity supplied equals the quantity demanded. the supply curve shifts rightward
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
