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Economics Homework Three Answers - Student Sixteen (view source)
Revision as of 20:39, January 29, 2010
, 20:39, January 29, 2010categorizing
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]]