Price controls often generate

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Price controls often generate
Select one:
а.
market clearing prices.
b.
equilibriums that utilize rationing by price.
С.
black markets.
d.
rapid supply increases to meet the excess
demand.
Transcribed Image Text:Price controls often generate Select one: а. market clearing prices. b. equilibriums that utilize rationing by price. С. black markets. d. rapid supply increases to meet the excess demand.
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