An outcome that can result from either a price ceiling or a price floor is

Name: An outcome that can result from either a price ceiling or a price floor is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both price ceilings and price floors create market distortions which can lead to undesirable rationing mechanisms such as long waiting lists, black markets, or discrimination in allocation. Price ceilings can create excess demand while price floors can create excess supply, but the question asks for an outcome that could result from either.

An Outcome That Can Result from Either a Price Ceiling