Which of the following observations would be consistent, Ask an Expert

Economics

Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the price ceiling becomes effective.

a) a smaller quantity of the good is bought and sold.

b) a smaller quantity of the good is demanded.

c) a larger quantity of the good is supplied.

d) the price rises above the previous equilibrium.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91275972

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