Price Ceilings and Price Floors

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toegevoegd een audio Financial Services

2023-01-30 14:40:25 -

Key points Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level. When a price floor is set above the equilibrium price, quantity...

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