Which of the Following Is Not an Example of a Price

question 93

Multiple Choice

Which of the following is not an example of a price ceiling?

• A)The Chinese government sets the price of housing in China below equilibrium.
• B)The government of the former Soviet Union set prices on food below those prevailing in the free market.
• C)In the 1970s,the Nixon administration imposed wage and price controls,thereby keeping wages and prices from rising.
• D)In the late 1970s,the U.S.government required gasoline to be sold at a price per gallon that was below what would have prevailed in a free market.
• E)The U.S.government requires that sugar be sold at a price that exceeds the world price of sugar.