Which of the Following Is an Accurate Statement About the Consequence

Multiple Choice

Which of the following is an accurate statement about the consequence of nonbinding price ceilings?

A) They prevent the seller from receiving the equilibrium price.
B) They require the seller to advertise the product at the equilibrium price.
C) They create a surplus in the legal market.
D) They do not change the quantity of goods bought or sold in the legal market.
E) They increase the quantity demanded of the good in question.