If a Seller Facing Excess Demand Is Unable to Raise

question 5

Multiple Choice

If a seller facing excess demand is unable to raise the price ofthe good due to a price ceiling, the seller might:

• A)increase the quantity supplied of the product.
• B)decrease the price of the product.
• C)increase the quality of the product.
• D)decrease the level of service for that product.(True Answer )Correct

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