Multiple Choice
Which of the following statements is true of price ceilings?
A) The true cost of the good to consumers is usually greater than the money cost.
B) All consumers benefit from the lower price.
C) Nonprice rationing associated with price controls is more efficient than rationing by price.
D) Shortages associated with price ceilings generally do not last any longer than shortages associated with free markets.
Correct Answer:
Verified
Correct Answer:
Verified
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