Normally, to the Extent That a Governmental Control Mechanism Succeeds

question 191

Multiple Choice

Normally, to the extent that a governmental control mechanism succeeds in affecting price, it can be expected to lead to a corresponding

• A)reduction in the volume of sales only if the price is forced down.
• B)reduction in the volume 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 volume of sales whether the price is forced up or down.
• D)increase in the volume of sales whether the price is forced up or down.