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vesna_86 [32]
4 years ago
15

Which situation is the most likely result of a price ceiling being set below the equilibrium price?

Business
1 answer:
Andru [333]4 years ago
8 0

<span>The equilibrium price is basically the ideal price that is determined when the demand and the supply for an item is equal. If you place the price bellow the equilibrium price, the price of the product will be lower than what the market is willing to pay, and as result you will have surplus of the item in the market.</span>

<span>The correct answer is b.</span>

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LenaWriter [7]

Answer:

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b. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million, To meet this goal, this tariff will charge $2,000 on every ton that is imported.

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8 0
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