Greater consumer confidence, wealth, available consumer credit, and disposable income ________ personal consumption expenditures

When a shortage of a good is present due to a price ceiling,

a. the amount supplied will be greater than the amount demanded. b. the quality of the good will generally improve. c. non-price factors, such as discrimination or waiting in line, will play a greater role in the allocation of the good. d. the demand for the product will increase and, thereby, eliminate the shortage.

The free-rider problem arises when the number of beneficiaries is large and exclusion of any of them is impossible

a. True b. False Indicate whether the statement is true or false