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The NFL often sets their ticket prices below the equilibrium price. The NFL is setting a ______ that will create a ______. Question 1 options: Price floor, shortage Price floor, surplus Price ceiling,
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The NFL often sets their ticket prices below the equilibrium price. The NFL is setting a ______ that will create a ______.

Question 1 options:

Price floor, shortage


Price floor, surplus


Price ceiling, shortage


Price ceiling, surplus

User Kstev
by
7.1k points

1 Answer

4 votes
The answer is Price ceiling, shortage
Price celing will set up a certain number where the maximum price of a certain product could be sold.
By setting price ceiling, the price will appear more acceptable among buyers which caused a massive demand and will eventually lead to shortage.
User Matt Casto
by
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