An effective price ceiling:
A) will cause quantity demanded to exceed quantity supplied.
B) will cause quantity supplied to exceed quantity demanded.
C) will increase total well being.
D) will set a legal maximum price in a market.
Correct Answer:
Verified
Q27: An effective price floor:
A)must be set above
Q28: A tax on sellers has what effect
Q30: Because a price ceiling causes:
A)a shortage,rationing must
Q33: Taxes:
A)are the main way that governments raise
Q34: An effective price floor:
A)will cause quantity demanded
Q35: Any tax on a good can:
A)discourage consumption
Q36: An effective price ceiling:
A)must be set above
Q37: An unintended consequence of price ceilings is:
A)non-price
Q39: Governments tend to set price ceilings:
A) to
Q96: A tax on sellers:
A) shifts the supply
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