Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be A. economic growth B economic loss C a shortage D a sur…

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asked Nov 1, 2018 121k views

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Feuermurmel · Answer 1 · 2018-11-06T23:07:26+0000

The correct answer is C.
By setting the price for the good below equilibrium the government has put into place a price floor which as a result leads to a shortage. Since now there will be more demand than the supply available.

Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be A. economic growth B economic loss C a shortage D a sur…

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