Changes

7.)  well if a price ceiling is set below the market price, this will cause a shortage because too many people will want the good for that low of a price, and if there is a price floor this will cause a surplus because if the price floor is too high to begin with, no one is going to by the good anyways.

7.)  well if a price ceiling is set below the market price, this will cause a shortage because too many people will want the good for that low of a price, and if there is a price floor this will cause a surplus because if the price floor is too high to begin with, no one is going to by the good anyways.

[[Category: Economics Homework Three Answers]]

[[Category: Economics Homework Three Answers]]