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Author Question: A price ceiling set below the equilibrium price creates a shortage. a. True b. False Indicate ... (Read 89 times)

skymedlock

  • Hero Member
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  • Posts: 561
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


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