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How are the short-run consequences of price ceilings on bread magnified in the long run?

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User Jann
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1 Answer

5 votes

Answer:

It will no longer exists.

Step-by-step explanation:

In the long run, bread consumers will choose substitutes to the expensive bread offered in the black market. ... In the long run, the price ceiling will no longer exist as the government is forced to abolish it.

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User Viet Dinh
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