If the government sets a price ceiling in the market for fuel oil that falls below the equilibrium price , it will   Question 14 options:   lead to the quantity demanded of fuel oil exceeding the quantity supplied.   lead to the quantity supplied of fuel oil exceeding the quantity demanded.   decrease the demand for fuel oil.   increase the supply of fuel oil.   have no effect in the market for fuel oil.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter4: Markets In Action
Section: Chapter Questions
Problem 15SQ
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If the government sets a price ceiling in the market for fuel oil that falls below the equilibrium price , it will
 

Question 14 options:

 
lead to the quantity demanded of fuel oil exceeding the quantity supplied.
 
lead to the quantity supplied of fuel oil exceeding the quantity demanded.
 
decrease the demand for fuel oil.
 
increase the supply of fuel oil.
 
have no effect in the market for fuel oil.
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