Both price floors and price ceilings lead to
A) shortages.
B) surpluses.
C) reductions in quality.
D) a reduction in the quantity traded.

Name: Both price floors and price ceilings lead to A) shortages. B) surpluses. C) reductions in quality. D) a reduction in the quantity traded.
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Question

Quizplus · Accepted Answer

Price floors and price ceilings both disrupt the market equilibrium, leading to a reduction in the quantity traded due to either excess supply or demand.

Both Price Floors and Price Ceilings Lead to