With respect to some commodity,X,if government objectives are to (1)restrict production and (2)keep prices down to protect consumers,then legislated price ceilings will
A)be a dismal failure as neither goal can ever be achieved with price ceilings.
B)satisfy both goals but only if a black market develops.
C)satisfy only the second goal if a black market develops.
D)only have an effect on commodities at the international level.
E)satisfy both goals as long as a black market does not develop.

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The Answer of With respect to some commodity,X,if government objectives are to (1)restrict production and (2)keep prices down to protect consumers,then legislated price ceilings will
A)be a dismal failure as neither goal can ever be achieved with price ceilings.
B)satisfy both goals but only if a black market develops.
C)satisfy only the second goal if a black market develops.
D)only have an effect on commodities at the international level.
E)satisfy both goals as long as a black market does not develop.

With Respect to Some Commodity,X,if Government Objectives Are to (1)restrict