When a price ceiling is in effect, goods and services:
A) are still allocated efficiently.
B) are not necessarily supplied by their lowest-cost producer.
C) do not necessarily flow to their highest-valued use.
D) are neither necessarily supplied by their lowest-cost producer nor do they flow to their highest-valued use.

Question

Quizplus · Accepted Answer

The Answer of When a price ceiling is in effect, goods and services:
A) are still allocated efficiently.
B) are not necessarily supplied by their lowest-cost producer.
C) do not necessarily flow to their highest-valued use.
D) are neither necessarily supplied by their lowest-cost producer nor do they flow to their highest-valued use.

When a Price Ceiling Is in Effect, Goods and Services