The shortage because of the price ceiling might result in:
A) less waiting times.
B) more goods on offer.
C) lower quality of the good.
D) higher quality of the good.

Question

Quizplus · Accepted Answer

Price ceilings cause a shortage of goods because suppliers are unable or unwilling to supply enough of the good at the artificially low price. This shortage can result in lower quality goods as suppliers and producers may cut corners to meet demand with limited resources.

The Shortage Because of the Price Ceiling Might Result In