If a price ceiling is not binding, then
a. there will be a surplus in the market
b. there will be a shortage in the market.
c. the market will be less efficient than it would be without the price ceiling.
d. there will be no effect on the market price or quantity sold.
d
Economics
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Suppose that many coal mines are shut for environmental reasons. This will cause
A) no change in the supply curve, only a change in price. B) a movement up the supply curve. C) a decrease in the supply of coal (a leftward shift of the supply curve). D) an increase in the supply of coal (a rightward shift of the supply curve). E) a movement down the supply curve.
Economics
An agreement among countries to adopt a common currency is called a
A) central bank consolidation. B) currency union. C) monetary compact. D) common banking treaty.
Economics