If a price support is maintained above the equilibrium price, the result will be a
A. Surplus of the product.
B. Market price equal to the equilibrium price.
C. Shortage of the product.
D. Market price that is too low.
Answer: A
Economics
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a. LRMR and LRMC b. LRMR and SRMC c. SRMR and SRMC d. SRMR and LRMC
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Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings. b. International gifts. c. International loans. d. All of the above are included in the balance of payments.
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