A predictable result of the imposition of binding price floors or price ceilings is
A) surpluses.
B) a reduction in quantities exchanged.
C) production control by the government.
D) shortages.
E) a more equitable distribution of commodities.

Question

Quizplus · Accepted Answer

The Answer of A predictable result of the imposition of binding price floors or price ceilings is
A) surpluses.
B) a reduction in quantities exchanged.
C) production control by the government.
D) shortages.
E) a more equitable distribution of commodities.

A Predictable Result of the Imposition of Binding Price Floors