Multiple Choice
Suppose a government imposes a binding price ceiling on a good. Which of the following groups is most likely to favor the price ceiling?
A) People having a low opportunity cost of time
B) People having high hourly wages and salaries
C) People having a low propensity to consume
D) People having a high propensity to invest
E) People supplying the good in the market
Correct Answer:
Verified
Correct Answer:
Verified
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