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Author Question: Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage. a. ... (Read 87 times)

HudsonKB16

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on: Jun 30, 2018
Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A black market may arise when government imposes a price ceiling.
 a. True
  b. False
  Indicate whether the statement is true or false


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FergA

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

False

Answer to Question 2

True


HudsonKB16

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Excellent

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