lectur14-page5 - 2 Price must rise for the market to clear.

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
5 A SHORTAGE C. Assume the government sets a price at P 2 : 1. There is a shortage of goods.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. Price must rise for the market to clear....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online