Why Do Price Ceilings Tend to Cause Persistent Imbalances in the Market

question 83

Multiple Choice

Why do price ceilings tend to cause persistent imbalances in the market?

• A)Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage.
• B)Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus.
• C)Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage.
• D)Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.

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