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A price ceiling above equilibrium
A price ceiling at equilibrium
Surplus and Constraints
The people of a certain Mediterranean village always eat salad with balsamic vinegar and olive oil as dressing.
If the olive crop fails one year because of a terrible storm, what most likely would happen to the demand
for balsamic vinegar that the people of this village purchase?
Shifts in Demand
Which statement below is false regarding the circular flow diagram?