Multiple Choice
Why are binding price ceiling laws passed?
A) They make goods more expensive (and profitable) for firms.
B) They encourage sellers to produce more of a good.
C) They encourage producers to sell higher-quality products.
D) They permit customers to obtain higher-quality products.
E) They make a good less expensive for those customers who are able to purchase the good in the legal market.
Correct Answer:
Verified
Correct Answer:
Verified
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