When a price ceiling is imposed, this results in:
A.inefficiency resulting from overproduction of the good.
B.inefficiency due to a reduction in the quantity of the good transacted below the equilibrium quantity.
C.a decrease in wasted resources as consumers find such goods more easily.
D.surpluses in the market, which eventually lead to inefficient production costs.

Question

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The Answer of When a price ceiling is imposed, this results in:
A.inefficiency resulting from overproduction of the good.
B.inefficiency due to a reduction in the quantity of the good transacted below the equilibrium quantity.
C.a decrease in wasted resources as consumers find such goods more easily.
D.surpluses in the market, which eventually lead to inefficient production costs.

When a Price Ceiling Is Imposed, This Results In