Which of the following would be the least likely result of a price ceiling imposed in the market for rental cars?

Question

Quizplus · Accepted Answer

A price ceiling would likely result in a shortage of rental cars, as the demand would exceed the supply at the artificially low price. Therefore, it is unlikely that rental companies would offer free incentives such as gasoline as demand would already be high. The other options, such as accumulation of dirt, poor maintenance, and slow replacement of old cars, are more likely as companies may try to cut costs in order to maintain profitability under the price ceiling.

Which of the Following Would Be the Least Likely Result