Which inefficiency is NOT caused by price floors?
A) inefficiently low quality
B) inefficient allocation of sales among sellers
C) wasted resources
D) illegal activity
Correct Answer:
Verified
Q114: In economic markets,a quota is a(n):
A)lower limit
Q115: Use the following to answer question:
Q116: A binding price floor causes:
A)a shortage in
Q117: Use the following to answer question:
Q118: Price controls:
A)always increase economic efficiency.
B)always lead to
Q120: Use the following to answer question:
Q121: If the government imposes a limit on
Q122: Use the following to answer question:
Q123: The amount for which suppliers are willing
Q124: When the government imposes a quota on
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