If the government sets a price ceiling of $3 in the laptop market after the demand has shifted left due to the rising popularity of tablets, what is the likely impact on the laptop market?

Question

Revolt · Accepted Answer

There will be a laptop shortage.

Modeling for Business: Part One — Test

If the government sets a price ceiling of $3 in the laptop market after the demand has shifted left due to the rising popularity of tablets, what is the likely impact on the laptop market?

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