A prominent argument against the use of price ceilings is:
A) they are unfair.
B) they lead to a surplus and a waste of society's resources.
C) they keep markets from minimizing the deadweight loss.
D) None of these is used as an argument against price ceilings.
Correct Answer:
Verified
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
Q38: An effective price floor:
A)must be set above
Q40: An unintended consequence of price floors is:
A)non-price
Q41: A tax on sellers:
A)causes equilibrium price to
Q43: When a tax is imposed on a
Q44: The difference in the price the buyer
Q134: If the producers bear a smaller tax
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