Which of the Following Statements About Price Ceilings Is False

question 91

Multiple Choice

Which of the following statements about price ceilings is false?

• A)Quality often suffers when a price ceiling is imposed.
• B)Rent control is an example of a price ceiling.
• C)Poor people will always be able to buy more of the product than if the price ceiling did not exist.
• D)Price ceilings result in shortages.
• E)Just as a producer is not allowed to sell a good for more than the price ceiling, it is illegal for a consumer to pay more than the price ceiling.

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