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Homework answers / question archive / True or False: Governments sometimes create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product

True or False: Governments sometimes create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product

Marketing

True or False: Governments sometimes create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product. This is known as price ceiling.

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