When government sets the price of a good and that price is-09018
When government sets the price of a good and that price is above the equilibrium price, the result will be:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.7.
When government sets the price of a good and that price is above the equilibrium price, the result will be:
A surplus of the good.
A shortage of the good.
An increase in the demand for the good.
A decrease in the supply of the good.
