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Which situation is the most likely result of a price ceiling being set below the equilibrium price?
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Which situation is the most likely result of a price ceiling being set below the equilibrium price?

User CreekGeek
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This can create a shortage in the market. This means that there is too much demand for a good and not enough product to cover it. This creates restrictions on the products that people are allowed to buy, which decreases the profit potential.
User Vahanpwns
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