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Author Question: If the equilibrium price for some product is $1000, a price ceiling of $800 will result in (Read 64 times)

zl00505

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If the equilibrium price for some product is $1000, a price ceiling of $800 will result in
◦ the same general effects as a price ceiling of $600.
◦ the same general effects as a price floor of $1200.
◦ massive surpluses of the good.
◦ the same general effects as a price ceiling of $1200.
◦ no effects because the price ceiling is not binding at that price.


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Marked as best answer by zl00505 on Oct 12, 2022

Snabbey

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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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zl00505

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Reply 2 on: Oct 12, 2022
Excellent


ryansturges

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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