Econ 101 dsm 4 exam - Study guides, Class notes & Summaries
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ECON 101 DSM 4 Exam - Questions and Answers
- Exam (elaborations) • 2 pages • 2024
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ECON 101 DSM 4 Exam - Questions and Answers Black Markets may arise if: price ceilings exist Some people believe that there should be a legally determined minimum price for farm products such as milk. A limit on the price of milk would be an example of: a milk price floor Prolonged agricultural surpluses can arise if governments: set the price above equilibrium Price controls that put a price ceiling on goods and services create: Shortages
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