Louis XIII (French pronunciation: [lwi tʁɛz]; sometimes called the Just; 27 September 1601 – 14 May 1643) was King of France from 1610 to 1643 and King of Navarre (as Louis II) from 1610 to 1620, when the crown of Navarre was merged with the French crown.
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
