Economics · Market Mechanism

If a price ceiling is binding in a wheat market, it will directly lead to a situation of:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Market equilibrium
2Excess demand✓
3Excess supply
4Shortage of demand

Correct answer

Excess demand

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If a price ceiling is binding in a wheat market, it will directly lead to a situation of:

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If a price ceiling is binding in a wheat market, it will directly lead to a situation of:

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