A persistent shortage may occur if:
A) the government imposes a price ceiling.
B) the government imposes a price floor.
C) demand keeps falling.
D) supply shifts rightward.
Correct Answer:
Verified
Q45: Use the following to answer questions:
Figure: Supply
Q46: Producers will supply an inefficiently low quality
Q46: The Atlanta Symphony wants to make sure
Q47: Use the following to answer questions:
Figure: The
Q48: Use the following to answer questions:
Figure: The
Q49: If the government sets out to help
Q54: By definition,in a black market,goods or services
Q54: A price ceiling is not effective if:
A)
Q55: Rent controls usually set a ceiling below
Q56: A maximum price legislated by the government
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