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Price controls may result in either shortages or surpluses. When the price control is above the equilibrium price, then: a.rigidity is created and the supply
Price controls may result in either shortages or surpluses. When the price control is above the equilibrium price, then:
a.rigidity is created and the supply and demand is allowed to reach a natural equilibrium.
b.there is a shortage.
c.quantity supplied with the price control is greater than the quantity demanded with the price control.
d.quantity supplied with the price control is less than the naturalequilibrium quantity.
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