Which of the Following Statements About Price Ceilings Is False

Multiple Choice

Which of the following statements about price ceilings is false?

A) Quality often suffers when a price ceiling is imposed.
B) Rent control is an example of a price ceiling.
C) Poor people will always be able to buy more of the product than if the price ceiling did not exist.
D) Price ceilings result in shortages.
E) Just as a producer is not allowed to sell a good for more than the price ceiling, it is illegal for a consumer to pay more than the price ceiling.