![Price Controls 5. Previously Equilibrium is determined by the forces of supply and demand. A shortage (excess demand) will occur at prices below the equilibrium. - ppt download Price Controls 5. Previously Equilibrium is determined by the forces of supply and demand. A shortage (excess demand) will occur at prices below the equilibrium. - ppt download](https://images.slideplayer.com/22/6421460/slides/slide_7.jpg)
Price Controls 5. Previously Equilibrium is determined by the forces of supply and demand. A shortage (excess demand) will occur at prices below the equilibrium. - ppt download
The Bonomist - At figure 1: Because the price ceiling is above the market equilibrium, so the price ceiling is not binding AT figure 2: Because the price ceiling is below the
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