Economics Mcqs
Q Which of the following statements about a binding price ceiling is true ?
  • A A. The shortage created by the price ceiling is greater in the short ran than in the long run.
  • B B. The surplus created by the price ceiling is greater in the short run than in the long run
  • C C. The surplus created by the price ceiling is greater in the long run than in the short run
  • D D. The shortage created by the price ceiling is greater in the long run than in the short run
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