A Binding Rent-Control Price Ceiling Results in All of the Following

question 66

Multiple Choice

A binding rent-control price ceiling results in all of the following EXCEPT:

• A) inefficiently low quantity of the good exchanged.
• B) wasted resources of consumers caused by time spent searching for the good.
• C) inefficient allocation of the good to consumers.
• D) inefficiently high quality of the good being sold.

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Relating to moral principles or the branch of knowledge dealing with these, often guiding behavior in personal and professional contexts.

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Ethical standards that influence an individual's actions or the management of an activity.