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Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be A. economic growth B economic loss C a shortage D a sur…

Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be A. economic growth B economic loss C a shortage D a sur…
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Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be

A. economic growth
B economic loss
C a shortage
D a surplus

Use this image to answer the following question. When government sets a price for-example-1
asked
User Ellene
by
8.8k points

2 Answers

2 votes

Answer:

c or a shortage

Step-by-step explanation:

flex point 2023

answered
User Michael Gardner
by
7.9k points
3 votes
The correct answer is C.
By setting the price for the good below equilibrium the government has put into place a price floor which as a result leads to a shortage. Since now there will be more demand than the supply available.
answered
User Feuermurmel
by
8.3k points
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