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What is unique about an equilibrium price? Explain. What situation can lead to excess demand? How is a price floor different from a price ceiling?
- What is unique about an equilibrium price? Explain.
- What situation can lead to excess demand?
- How is a price floor different from a price ceiling?
- How does rent control work?
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
