All of the following are true of a price ceiling except which one?

Question

Quizplus · Accepted Answer

A price ceiling, when set below the equilibrium price, typically results in a shortage of goods. This harms suppliers by limiting the price they can charge (B is true), and while it can benefit some demanders by making goods more affordable (D is true), it can also harm others by making goods harder to find due to the shortage (A is true). Suppliers do not benefit from a price ceiling, as it restricts the maximum price they can charge for their goods or services (C is false).

All of the Following Are True of a Price Ceiling