The government has decided that the freemarket
price of cheese is too high.
a. Suppose...
![Business](/tpl/images/cats/ekonomika.png)
Business, 15.12.2021 14:00, allenpaietonp9v8sv
The government has decided that the freemarket
price of cheese is too high.
a. Suppose the government imposes a binding
price ceiling in the cheese market. Draw
a supply-and-demand diagram to show the
effect of this policy on the price of cheese and
the quantity of cheese sold. Is there a shortage
or surplus of cheese?
![answer](/tpl/images/cats/otvet.png)
Answers: 2
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