Which Is Not an Inefficiency Caused by Price Ceilings

question 133

Essay

Which is not an inefficiency caused by price ceilings?
A.inefficient allocation to consumers
B.wasted resources
C.illegal activity
D.inefficient allocation of sales among sellers

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Definitions:

Buyer's Place

A term referring to the designated location where goods are to be delivered or where a transaction is completed in a sales contract.

Destination Contract

A contract in which the seller is required to ship the goods by carrier and deliver them at a particular destination. The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.

Risk of Loss

The potential for an investment or venture to result in financial loss, often evaluated as part of investment strategies and decision-making.

Carrier

A company or individual that undertakes the professional conveyance of goods or people.