Question
If the market price for bananas is 80 cents per pound and the government imposes a price ceiling of 60 cents per pound, what will
If the market price for bananas is 80 cents per pound and the government imposes a price ceiling of 60 cents per pound, what will happen?
Fewer bananas will be sold after the price ceiling goes into effect
There will be a shortage of bananas
The banana market will experience excess demand
All of the choices are correct
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Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
