A price ceiling might be an appropriate government response to a
A) period of falling farm prices due to unusually good harvests
B) substantial increase in farm productivity due to marked applications of new technology in agriculture
C) national security crisis leading to major shortages of essential goods
D) period of extraordinary large surpluses of farm goods
E) good in which the demand is considerably less than the supply
Correct Answer:
Verified
Q107: Which of the following government programs usually
Q108: Parity pricing and target pricing differ in
Q109: Summing up governmental intervention in the pricing
Q110: Usury laws
A) limit the use of land
Q111: When a usury law is in effect,
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