Multiple Choice
Which of the following would not result from a price ceiling (set below the equilibrium price) ?
A) a shortage
B) fewer exchanges
C) an increase in supply
D) nonprice rationing devices
Correct Answer:

Verified
Correct Answer:
Verified
Q95: If the relative price of one unit
Q96: If the minimum wage law sets a
Q97: If the absolute price of a car
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Exhibit 4-2 represents
Q99: There is currently a price ceiling in
Q101: The absolute price of a good is
Q102: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q105: The need for a rationing device results