Multiple Choice
A price ceiling usually results in a _____ misallocation of resources.
A) shortage and a
B) surplus and a
C) shortage and no
D) surplus and no
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q87: Give an example of an external cost.
Q88: Which statement explains why free markets fail
Q89: (Figure: Determining Surplus 3) In the graph,
Q90: Asymmetric information reduces deadweight loss.
Q91: Suppose that a customer's willingness-to-pay for a
Q93: Markets tend to provide too little of
Q94: (Figure: Determining Surplus 2) In the graph,
Q95: (Figure: Determining Surplus and Loss) In the
Q96: In the market for leather wallets, if
Q97: (Figure: Determining Surplus) In the graph, the