A) price ceiling has been set at P1- B) price floor has bee.docx
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A) price ceiling has been set at P1- B) price floor has bee.docx
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Solution A price control has been set which has led to a shortage. This means that a: C = price ceiling has been set at P 2. At the point P 2 demand > supply. I hope my solution solves your query. Regards. .
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A) price ceiling has been set at P1- B) price floor has bee.docx
- 1. A) price ceiling has been set at P 1 . B) price floor has been set at P 1 . C) price ceiling has been set at P 2 . D) price floor has been set at P 2 . Solution A price control has been set which has led to a shortage. This means that a: C = price ceiling has been set at P 2. At the point P 2 demand > supply. I hope my solution solves your query. Regards.