If a Seller Facing Excess Demand Is Unable to Raise

question 148

Multiple Choice

If a seller facing excess demand is unable to raise the price of the good due to a price ceiling, a likely result will be:

• A) an increase in the quantity supplied of the product.
• B) an increase in the price of the product.
• C) a decrease in the quality of the product.
• D) a further decrease in the price of the product.

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