If a Government Price Control Succeeds in Affecting Price, It

question 250

Multiple Choice

If a government price control succeeds in affecting price, it can be expected to lead to a corresponding

• A) decrease in the quantity of sales only if the price is forced down.
• B) decrease in the quantity of sales if the price is forced down and an increase in the volume of sales if the price is forced up.
• C) decrease in the quantity of sales whether the price is forced up or down.
• D) increase in the quantity of sales whether the price is forced up or down.

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