Assume that the market clearing price for wireless earbuds is $10, but that the maximum price that can be charged is $9. This is an example of
A. a price control that will lead to a surplus of wireless earbuds on the market.
B. a price ceiling that will likely lead to a shortage of wireless earbuds on the market.
C. markets failing to ration a fixed quantity of wireless earbuds.
D. a price floor that will lead to a shortage of wireless earbuds on the market.
Answer: B
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