Which observation would be consistent with the impact of price ceilings?
A) Books are printed on higher-quality paper.
B) Full-service gasoline stations stay open for 24 hours.
C) New automobiles are painted with more coats of paint.
D) Newspapers switch to a smaller font size in order to decrease bulk.

Question

Quizplus · Accepted Answer

Price ceilings often create shortages as suppliers are unwilling or unable to supply the same quantity of goods at a lower price, hence newspapers might switch to a smaller font size to save on printing costs and decrease bulk.

Which Observation Would Be Consistent with the Impact of Price