The Edict on Maximum Prices, established by the Roman Emperor Diocletian, created price ceilings on various jobs and goods in a failed effort to curb inflation. For example, legal pay for a farm laborer could be no more than 10.8¢ a day (payment set in modern currency) . If the market rate of farm labor was 12¢ a day, which would be a plausible consequence of this law?
A) farms would produce more food than they otherwise would
B) nothing unusual
C) a laborer would work less hard than he otherwise would
D) an increase in unemployment for farm hands
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