When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must ration the scarce goods among the large number of potential buyers

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

False

Economics

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Utilitarianism is a principle whose goal is ________

A) the greatest happiness for the greatest number B) the greatest pay for the greatest number C) equal pay for equal work D) equal happiness for all workers

Economics

Until the 1980s most private pension plans were "defined __________" plans under which the periodic employer payment into the plan was __________

A) benefit; variable B) benefit; preset C) contribution; variable D) contribution; preset

Economics