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Author Question: Consider a market for some good where a binding price ceiling is in place. The shortages associated ... (Read 57 times)

tashina2013

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on: Oct 12, 2022
Consider a market for some good where a binding price ceiling is in place. The shortages associated with this binding price ceiling will be the smallest when
◦ both supply and demand are highly inelastic.
◦ supply is highly elastic and demand is highly inelastic.
◦ supply is highly inelastic and demand is highly elastic.
◦ both supply and demand are highly elastic.
◦ none of the above-the size of the shortage has nothing to do with demand and supply elasticities.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tashina2013 on Oct 12, 2022

saly

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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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tashina2013

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Liddy

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

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