If a price ceiling is set above the equilibrium price, then
a. the price ceiling affects suppl...
If a price ceiling is set above the equilibrium price, then
a. the price ceiling affects suppliers but not demanders.
b. the price ceiling will generate revenue for the government.
there will be a surplus of the good.
c. there will be neither a shortage nor a surplus of the good.
d. there will be a shortage of the good.
Answers: 2
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