In a market, if the price of a good is set below the equilibrium price, what will happen? a) Shortage b) Surplus c) Equilibrium d) Price ceiling
In a market, if the price of a good is set below the equilibrium price, what will happen? a) Shortage b) Surplus c) Equilibrium d) Price ceiling
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 23QP
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Question
In a market, if the price of a good is set below the
a) Shortage
b) Surplus
c) Equilibrium
d)
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