question archive Which of the following is true about price ceilings? 1)More sellers are willing to sell when a price ceiling has been set
Which of the following is true about price ceilings? 1)More sellers are willing to sell when a price ceiling has been set
Subject:EconomicsPrice: Bought3
Which of the following is true about price ceilings?
1)More sellers are willing to sell when a price ceiling has been set.
2)The moment when a price ceiling is above equilibrium, it prevents price increases.
3)Binding price ceilings can cause shortages of certain products.
4)A price ceiling has to be higher than equilibrium in order to be binding.
