One negative effect of price ceilings is that they A B C D incentivize the development of an illegal market. lower consumer demand for a particular good or service. can result in a company being unable to sell their goods or services. force companies to specialize in one product for the sake of efficiency.

One negative effect of price ceilings is that they A B C D incentivize the development of an illegal market. lower consumer demand for a particular good or service. can result in a company being unable to sell their goods or services. force companies to specialize in one product for the sake of efficiency.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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