If a price ceiling is imposed, then:
a. the market supply curve will shift to the right.
b. the market demand will shift to the left.
c. a shortage of product will result.
d. the government would be required to buy-up the surplus product.
e. the market equilibrium price is below the level the government wishes to achieve.
c
Economics
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a. issues new government bonds to finance budget deficits b. issues bonds for the U.S. Treasury c. buys and sells already-existing bonds d. increases the money supply by selling bonds e. raises and lowers tax rates and disburses money for government purchases and transfer payments
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