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Economics

Answered

what happens when government impose price floors and price ceilings

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MATTHEWBUYCO20GO MATTHEWBUYCO20GO

Answer: When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. ... When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.

Answered by: Matthew Quemer Buyco ❤️❤️❤️

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