In the market for eggs,a removal of the price ceiling on eggs results in:

Name: In the market for eggs,a removal of the price ceiling on eggs results in:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Removal of the price ceiling will allow farmers to receive a higher price for their eggs, which will encourage them to supply more eggs to the market as the profitability of producing eggs increases. This will not necessarily lead to an increase in demand for eggs or a change in consumer behavior.

In the Market for Eggs,a Removal of the Price Ceiling