When A Price Ceiling Is Imposed This Results In

All of the answers above are correct.

When a price ceiling is imposed this results in. The low regulated prices it was argued were a. A price ceiling of 5 00 were imposed. Price ceilings can produce negative results when the correct solution would have been to increase supply.

In the 1970s the u s. In order for a price ceiling to be effective it must be set below the natural market equilibrium. A price ceiling is a government or group imposed price control or limit on how high a price is charged for a product commodity or service governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.

A a binding price floor is imposed. B a binding price ceiling is imposed. When a price ceiling is set a shortage occurs.

A price ceiling of 4 00 were imposed. Accumulation of inventories of unsold gas. However a price ceiling can cause problems if imposed for a long period without controlled rationing.

Government imposed price ceilings on gasoline after some sharp rises in oil prices. But this is a control or limit on how low a price can be charged for any commodity. A price floor of 3 00 were imposed.

D a price floor is imposed but it is not binding. A price ceiling occurs when the government puts a legal limit on how high the price of a product can be. Price ceiling also known as price cap is an upper limit imposed by government or another statutory body on the price of a product or a service a price ceiling legally prohibits sellers from charging a price higher than the upper limit.