Which of the following often occurs as a result of a price ceiling?
A)More of a product is produced than people are willing to buy.
B)The product becomes unavailable.
C)Consumers wanting to buy the product form long lines.
D)Low-income people find it harder to obtain the product.
E)Black markets for the product disappear.

Question

Quizplus · Accepted Answer

Price ceilings often lead to shortages, causing long lines as consumers compete to purchase the limited available supply.

Which of the Following Often Occurs as a Result of a Price