Author Question: An example of a price ceiling would be: a. a ration coupon. b. a guarantee of a target price for ... (Read 46 times)

stock · **on:** Jun 30, 2018

An example of a price ceiling would be:
a. a ration coupon.
b. a guarantee of a target price for farm products.
c. parity pricing.
d. rent control.
e. the soil bank program.

Question 2

One likely result of a price ceiling is that:
a. a surplus of product would result.
b. the price charged in the market would be above the equilibrium price.
c. the price charged in the market would be the equilibrium price.
d. the available product must be rationed.
e. the market supply curve will shift to the right.