Multiple Choice
The major drawback of a binding price ceiling is:
A) it causes a surplus.
B) government regulations of this kind are difficult to enforce
C) it causes a shortage.
D) none of the above; there is no drawback.
Correct Answer:
Verified
Correct Answer:
Verified
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Q163: Exhibit 5-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 5-1
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Q169: Exhibit 5-2<br><br>The diagram below represents the market