What Would You Expect the Consequences to Size and Quality

question 42

Multiple Choice

What would you expect the consequences to size and quality would be for a product sold under a binding price ceiling?

• A) Both the quality and the size of the product will decrease.
• B) The quality of the product will increase but the size of the product will decrease.
• C) Both the quality and the size of the product will increase.
• D) The quality of the product will decrease but the size of the product will increase.
• E) Neither the quality nor the size of the product will be affected.