Because a price ceiling causes:
A) a shortage,rationing must occur.
B) a surplus,rationing must occur.
C) a shortage,a central planner must distribute the goods fairly.
D) a surplus,a central planner must distribute the goods fairly.
Correct Answer:
Verified
Q25: An effective price ceiling:
A)must be set above
Q26: Because a price floor causes:
A)a shortage,rationing must
Q27: An effective price floor:
A)must be set above
Q28: A tax on sellers has what effect
Q32: An effective price ceiling:
A)will cause quantity demanded
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
Q39: Governments tend to set price ceilings:
A) to
Q96: A tax on sellers:
A) shifts the supply
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