If a Price Ceiling Results in the Price Not Being

question 73

Multiple Choice

If a price ceiling results in the price not being used to allocate a scarce resource or good, then

• A) something other than price must allocate the scarce good.
• B) the price will have to decline.
• C) the market will take over.
• D) the government will be more efficient than any other mechanism.
• E) a random allocation will be more efficient than any other mechanism.