Which of the following often occurs as a result of a price ceiling?
A)More of a product is produced than people are willing to buy.
B)The product becomes unavailable.
C)Consumers wanting to buy the product form long lines.
D)Poor people find it harder to obtain the product.
E)Black markets for the product disappear.

Question

Quizplus · Accepted Answer

Price ceilings often lead to shortages, causing long lines as consumers compete to purchase the limited available supply.

Which of the Following Often Occurs as a Result of a Price