3. A price ceiling will result in a shortage only if the ceiling price is _______________ the...

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3. A price ceiling will result in a shortage only if the ceiling price is _______________ the equilibrium price. LO3.7

a. Less than.

b. Equal to.

c. Greater than.

d. Faster than.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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