One method of addressing an excess demand in a market that is created by a price ceiling is to
a. decrease price
b. ration the good
c. create a price floor
d. decrease supply
e. have the government buy up the surplus
B
Economics
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Aggregate demand (price) & GDP
What will be an ideal response?
Economics
All else equal, the decrease in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left. B) shift the supply curve for the Apple Watch to the left. C) shift the supply curve for the Apple Watch to the right. D) shift the demand curve for the Apple Watch to the right.
Economics