What would happen in the market for rice if its demand increased but the price was NOT allowed to change?
A) There would be a surplus of rice.
B) There would be a shortage of rice.
C) The supply of rice would increase.
D) The supply of rice would decrease.

Question

Quizplus · Accepted Answer

When demand for a product increases but the price is not allowed to change, it leads to a shortage. This is because at the original price, more people want to buy rice than what is available in the market.

What Would Happen in the Market for Rice If Its