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Which situation is the most likely result of a price ceiling being set below the equilibrium price? a.decreased demand b.a surplus in the market c.a shortage in the market d.a higher equilibrium price?
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Which situation is the most likely result of a price ceiling being set below the equilibrium price?

a.decreased demand
b.a surplus in the market
c.a shortage in the market
d.a higher equilibrium price?

User Mark Hebert
by
8.3k points

1 Answer

2 votes
the situation would be a shortage in the market
User Zivile
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