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Economics

How market surplus and market shortages are resolved to restore the equilibrium price in the market?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 9SCQ: What would be the impact of imposing a price flour below the equilibrium price?

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How market surplus and market shortages are resolved to restore the equilibrium price in the market?
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