Price ceilings are imposed if the government believes
a. the market fails to create an equilibrium price
b. the equilibrium price is too low
c. an excess supply of the good exists or will result in the near future
d. the equilibrium price is too high
e. quantity demanded is less than quantity supplied
D
Economics
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A "flight to quality" in global asset markets in September and October 2008 caused an increase in the demand for ________
A) emerging-market equities B) luxury automobiles C) dollar assets D) blue-chip stocks
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The inflation rate is a:
a. percentage decrease in price level. b. percentage increase in price level. c. sustained increase in relative prices. d. sustained decrease in relative prices. e. sudden increase in the weighted average of all prices.
Economics