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Which of the Following Often Occurs as a Result of a Price

Question 171

Multiple Choice

Which of the following often occurs as a result of a price ceiling?


A) More of a product is produced than people are willing to buy.
B) The product becomes unavailable.
C) Consumers wanting to buy the product form long lines.
D) Low-income people find it harder to obtain the product.
E) Black markets for the product disappear.

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