The intention of a price ceiling is to help consumers by forcing a price that is below the equilibrium price. What is one unintended consequence of this policy?
A. Consumers face a shortage of the good and decreased consumer surplus.
B. Foreign producers are hurt by the lower price and economic surplus is increased.
C. Producers face a shortage or resources and economic surplus is decreased.
D. Consumers face a shortage of the good and increased consumer surplus.
Answer: A
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Tradionally, it was pretty hard to get a mortgage
What will be an ideal response?
Which of the following is true?
What will be an ideal response?
Which of the following is NOT a communication pattern?
a. chain b. circle c. wheel d. arc