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Amanda [17]
3 years ago
7

If the equilibrium price of solar panels is $200 per panel, but a price ceiling of $150 per panel is imposed, what happens to th

e market for solar panels?
Business
1 answer:
Tanzania [10]3 years ago
4 0

Answer:

quantity demanded exceeds quantity supplied and a shortage occurs

Explanation:

The options to this question wasn't provided. Here is the link to the complete question: https://www.chegg.com/homework-help/questions-and-answers/equilibrium-price-solar-panels-200-per-panel-price-ceiling-150-per-panel-imposed-happens-m-q22993335

When a price ceiling is below equilibrium price, the good becomes cheaper to consumers, therefore demand increases. While the profit of suppliers fall and suppliers reduce the quantity supplied. This leads to a shortage in the market.

I hope my answer helps you

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

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2 years ago
Mary sells two products. She finds that when she promotes one product with a lower promotional price, sales increase for the oth
Marina CMI [18]

Answer:

Cheap

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