Fill in the blanks below using either shortage or surplus.
(a) A binding price ceilings leads to a _____.
(b) A binding price floor leads to a _____.
(c) A minimum price set above the equilibrium price leads to a _____.
(d) A maximum price set below the equilibrium price leads to a _____.

Question

Quizplus · Accepted Answer

The Answer of Fill in the blanks below using either shortage or surplus.
(a) A binding price ceilings leads to a _____.
(b) A binding price floor leads to a _____.
(c) A minimum price set above the equilibrium price leads to a _____.
(d) A maximum price set below the equilibrium price leads to a _____.

Fill in the Blanks Below Using Either Shortage or Surplus