Because nothing in life is free, the cost of a price ceiling program is chronic excess supply.
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Q11: A ration coupon limits how much a
Q12: Ration coupons are typically associated with price
Q13: The parity price ratio is the ratio
Q14: If the demand for consumer goods increases,
Q15: There is a trade-off between having prices
Q17: Price ceilings make the decision about how
Q18: Price ceilings are only effective when they
Q19: If the price for a good was
Q20: Parity price programs were designed to help
Q21: A price ceiling disrupts markets because the
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