The imposition of price ceilings on a market often results in
A) an increase in investment in the industry.
B) a persistent surplus in the market.
C) an increase in expenditures in the black market.
D) lower prices being offered on the black market.

Question

Quizplus · Accepted Answer

Price ceilings can lead to shortages, prompting consumers to turn to the black market where prices are higher, increasing expenditures there.

The Imposition of Price Ceilings on a Market Often Results