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Author Question: An example of a price ceiling would be: a. a ration coupon. b. a guarantee of a target price for ... (Read 18 times)

stock

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on: Jun 30, 2018
An example of a price ceiling would be:
 a. a ration coupon.
  b. a guarantee of a target price for farm products.
  c. parity pricing.
  d. rent control.
  e. the soil bank program.

Question 2

One likely result of a price ceiling is that:
 a. a surplus of product would result.
  b. the price charged in the market would be above the equilibrium price.
  c. the price charged in the market would be the equilibrium price.
  d. the available product must be rationed.
  e. the market supply curve will shift to the right.


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lcapri7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


stock

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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