Multiple Choice
Price ceilings generally do not lead to which of the following?
A) Persistent shortages
B) A reduction in the quality of the good
C) An increase in the number of units purchased
D) The development of black markets
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: Last year, 1,000 cases of cough syrup
Q35: Over the previous year, 2,000 boxes of
Q36: If an increase in income results in
Q37: Black markets are frequent occurrence in markets
Q38: In 1966, the Catholic Church eliminated the
Q40: Governments can eliminate market surpluses through the
Q41: At equilibrium, the market will clear, with
Q42: When a demand schedule is drawn as
Q43: When there is an increase in demand,<br>A)the
Q44: As more firms are attracted to an