Author Question: A price ceiling set below the equilibrium price creates a shortage. a. True b. False Indicate ... (Read 72 times)

skymedlock

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A price ceiling set below the equilibrium price creates a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease.
 a. True
  b. False
  Indicate whether the statement is true or false



vish98

  • Sr. Member
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  • Posts: 326
Answer to Question 1

True

Answer to Question 2

False



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