Multiple Choice
Normally, when a governmental price control affects the price, it can be expected to result in a
A) reduction in the number of units purchased only when the price is forced down.
B) reduction in the number of units purchased when the price is forced down and an increase number of units purchased when the price is forced up.
C) decrease in the number of units purchased when the price is forced up or down.
D) increase in the number of units purchased when the price is forced up or down.
Correct Answer:
Verified
Correct Answer:
Verified
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