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Economics - Unit 2: Microeconomics Flashcards | StudBud
Economics - Unit 2: Microeconomics
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Which of the following best describes why a
price ceiling
would lead to a
shortage
?
A
producers will supply less than demand because price is above equilibrium
B
producers will supply more than demand because price is above equilibrium
C
producers will supply less than demand because price is below equilibrium
D
producers will supply more than demand because price is below equilibrium
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