A. A price floor is set above price equilibrium.
B. Quantity demanded is less than Quantity supplied
C. Quantity supplied exceeds Quantity demanded
A. When a price ceiling is set below the equilibrium price
B. Quantity demanded exceeds Quantity supplied
C. Quantity supplied is less than quantity demanded
The government answers the three basic economic questions in the type of economy known as command economy.
Answer:(:
Explanation: framers created a best-known system—checks and balances. In this system, powers are shared among the three branches of government.
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