Effective price ceilings in the short run on goods make
Effective price ceilings (in the short run) on goods make those goods typically:
1. Hard to find.
2. Easy to find.
3. Less desirable.
4. Be in excess supply.
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businesses are the1 sellers in the factor market and buyers in the goods market2 buyers in the factor market and
the quantity of goods and services1 available to society cannot change2 available is not of economic importance3
a country has a comparative advantage in producing a good if it can produce that good1 at a higher opportunity cost
in the mid-1990s fashion trends toward loose-fitting casual cotton clothing drove up the price of domestic cotton in
effective price ceilings in the short run on goods make those goods typically1 hard to find2 easy to find3 less
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how would it be possible to observe a decrease in both the equilibrium price and quantity for a particular good at the
machine a was purchased three years ago for 10000 and had an estimated market value of 1200 at the end of its 10-year
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