ECONTuteNotes118.pdf - 370 Award 1.00 point A government...

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370. Award: 1.00 point A government will create a surplus in a market when it sets a price ceiling above the equilibrium price. sets a price floor above the equilibrium price. sets a price floor below the equilibrium price. sets a price ceiling below the equilibrium price. References Multiple Choice Difficulty: 01 Easy Learning Objective: 03-06 Identify what government-set prices are and how they can cause product surpluses and shortages.
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