Question

Which of the following statement is true about binding price ceiling?
(a) The shortage created by the price ceiling is greater in the short run compared to
long run.
(b) The surplus created by the price ceiling is greater in the short run compared to long
run.
(c) The shortage created by the price ceiling is greater in the long run compared to
short run.
(d) The surplus created by the price ceiling is greater in the long run compared to short
run.​

Answer 1

Answer:

true

true

false

true

Explanation:

this is urs answer

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