In a market with supply and demand curves as shown below, a price ceiling of $2.50 will result in:
A. A surplus of 10 units
B. A shortage of 10 units
C. No shortage or surplus
D. A black market price greater than $2.50
C. No shortage or surplus
Economics
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What will be an ideal response?
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One source of structural unemployment is ________
A) the seasonal character of production in some industries, e.g. agriculture in Alaska during winter months B) falling sales in an economic downturn C) wage rigidity D) high search costs
Economics