Assume no price ceiling exists and a market is in equilibrium. then a price ceiling is established which is below the market equilibrium. what would result?
a. surplus.
b. shortage.
c. equilibrium.

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If no price ceiling exists and a market is in equilibrium, then a price ceiling is established which is below the market equilibrium that results in a shortage.

Answer: Letter B ✅

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Assume no price ceiling exists and a market is in equilibrium. then a price ceiling is established which is below the market equilibrium. what would result? a. surplus. b. shortage. c. equilibrium.

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Assume no price ceiling exists and a market is in equilibrium. then a price ceiling is established which is below the market equilibrium. what would result?
a. surplus.
b. shortage.
c. equilibrium.