Which of the Following Might Explain Why the Government Would

question 10

Multiple Choice

Which of the following might explain why the government would create a price ceiling for a certain good?

• A) The equilibrium price that would result in the market would be considered too high
• B) The equilibrium price that would result in the market would be considered too low
• C) The equilibrium quantity that would result in the market would be considered too high
• D) The equilibrium quantity that would result in the market would be considered too low
• E) The government never has a reason to create price floors or price ceilings

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