Social Studies, 25.10.2021 16:10 PearlJam5492
Why does an effective price ceiling appear below the equilibrium rather than above it?
A price ceiling
is only effective when it is low enough to restrict increases in the market price.
is only effective when it is equal to the market equilibrium price.
and its effectiveness are not at all associated with equilibrium.
O is only effective when it is high enough to restrict decreases in the market price.
Answers: 1
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Why does an effective price ceiling appear below the equilibrium rather than above it?
A price cei...
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