The following will occur when maximum price is fixed below the free market price EXCEPT that

Question 1 Report

The following will occur when maximum price is fixed below the free market price EXCEPT that

black market will be encouraged

excess demand will occur

excess supply will occur

rationing of commodities will occur

scarcity of goods will occur

Methods And Tools Of Economic Analysis

The Theory Of Supply

The Theory Of Price Determination

Economics As A Science

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