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Price ceilings and price floorsKey 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...0 Comentários 0 Compartilhamentos 5K Visualizações 0 Anterior
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Price ceilings and price floorsKey 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...0 Comentários 0 Compartilhamentos 5K Visualizações 0 Anterior