Multiple Choice
Which of the following statements is true about price ceilings?
A) Price ceilings create surpluses for goods but shortages for services.
B) Price ceilings cause goods to be rationed by some other means than legally determined market prices.
C) Ration coupons are the only way to ration goods when price ceilings are in place.
D) All of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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