Card 14 / 16: Select the correct answer. A price ceiling will usually shift:
a.)
demand
b.)
supply
c.)
both
d.)
neither
Answer:
d.) neither
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A price ceiling does not shift a demand curve or a supply curve. However, if the price ceiling is set below the equilibrium, it will
cause the quantity demanded on the demand curve to be greater than the quantity supplied on the supply curve, leading to excess
demand.
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