Essence1570 Essence1570

21-02-2024
Business

contestada

If, in a competitive market, a price ceiling is imposed establishing a maximum price below the market equiLiBrium price, this price ceiling would result in?
1) a shortage of the good or service
2) an increase in the quantity supplied
3) a decrease in the quantity demanded
4) an increase in the market equiLiBrium price

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