Exam (elaborations)
ECS1501 ASSIGNMENT 03 SEMESTER 02
- Course
- Institution
ECS1501 ASSIGNMENT 03 SEMESTER 02 ECS1501 3.1 When a price ceiling is imposed in a market [1] a persistent shortage is created. [2] a persistent surplus is created. [3] sellers of the product are made better off. [4] quantity supplied is greater than the quantity demanded. Explanation: The...
[Show more]