If the equilibrium price of good X is $4 and a price ceiling is imposed at $5, the result will be a(n) :
A) depletion of inventories.
B) shortage.
C) surplus.
D) equilibrium.
Correct Answer:
Verified
Q52: Ceteris paribus , an increase in the
Q53: If the government imposes a price ceiling
Q54: Exhibit 4-8 Demand and supply curves
Q55: Price ceilings set below the equilibrium create:
A)
Q56:
