Suppose the Government Has Imposed a Price Ceiling on Laptop

question 212

Multiple Choice

Suppose the government has imposed a price ceiling on laptop computers.Which of the following events could transform the price ceiling from one that is not binding into one that is binding?

• A)Improvements in production technology reduce the costs of producing laptop computers.
• B)The number of firms selling laptop computers decreases.
• C)Consumers' income decreases,and laptop computers are a normal good.
• D)The number of consumers buying laptop computers decreases.

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