Shortages are caused by interventions that force prices below the market clearing price (price ceilings/ price control)
Surpluses are caused by interventions that force prices above the market clearing price (price floors/price support)
Shortages are caused by interventions that force prices below the market clearing price (price ceilings/ price control)
Surpluses are caused by interventions that force prices above the market clearing price (price floors/price support)
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