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When the government sets the price of a good or service above equilibrium, then there will be a(n) a)increase in demand for the good or

When the government sets the price of a good or service above equilibrium, then there will be a(n)

a)increase in demand for the good or service.

b)shortage because of the price ceiling.

c)shortage because of the price floor.

d)surplus because of the price ceiling.

e)surplus because of the price floor.

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