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.
Correct Answer:

Verified
Correct Answer:
Verified
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