Multiple Choice
If a price ceiling is imposed, then:
A) the market supply curve will shift to the right.
B) the market demand will shift to the left.
C) a shortage of product will result.
D) the government would be required to buy-up the surplus product.
E) the market equilibrium price is below the level the government wishes to achieve.
Correct Answer:
Verified
Correct Answer:
Verified
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