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Author Question: In a competitive market, a price ceiling set below the free-market equilibrium price will result in (Read 64 times)

Aimless0988

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on: Oct 12, 2022
In a competitive market, a price ceiling set below the free-market equilibrium price will result in
◦ a new free-market equilibrium at a lower price and higher output level.
◦ the quantity demanded exceeding quantity supplied and thus a shortage in the market.
◦ excess supply.
◦ the quantity supplied exceeding quantity demanded and thus a surplus in the market.
◦ a continuation of the free-market equilibrium price and quantity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Oct 12, 2022

StephaniaF

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Aimless0988

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Reply 2 on: Oct 12, 2022
Wow, this really help

6ana001

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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