Which of the following results from a price ceiling? i. increased search activity ii. surplus iii. black market
A) i only
B) i and iii
C) ii and iii
D) i, ii, and iii
E) ii only
B
Economics
You might also like to view...
Recessions are periods of:
A) leftward shifts in labor supply. B) rightward shifts in labor supply. C) rightward shifts in labor demand. D) leftward shifts in labor demand.
Economics
If the demand curve is horizontal and the supply curve is vertical, shifts of the supply curve will lead to
A) changes in the equilibrium quantity only. B) changes in the equilibrium price only. C) changes in both the equilibrium price and quantity. D) changes in the quantity demanded only.
Economics