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Author Question: If the government imposes a price ceiling for some product, and a hidden market subsequently ... (Read 45 times)

xjustxicex

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on: Oct 12, 2022
If the government imposes a price ceiling for some product, and a hidden market subsequently develops that gains control of all of the reduced output of the product, then
◦ the hidden market price will be lower than the ceiling price.
◦ consumers will be better off than they would be in the absence of the hidden market.
◦ the quantity demanded will exceed quantity supplied at the hidden market price.
◦ the hidden market price will be higher than the free-market equilibrium price.
◦ excess profits will flow back to consumers.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xjustxicex on Oct 12, 2022

Sophia0717

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xjustxicex

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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