A Price Ceiling Might Be an Appropriate Government Response to a

Multiple Choice

A price ceiling might be an appropriate government response to a

A) period of falling farm prices due to unusually good harvests
B) substantial increase in farm productivity due to marked applications of new technology in agriculture
C) national security crisis leading to major shortages of essential goods
D) period of extraordinary large surpluses of farm goods
E) good in which the demand is considerably less than the supply