Which situation is the most likely result of a price ceiling being set below the equilibrium price?

Question

asked Sep 4, 2018 158k views

1 Answer

Vahanpwns · Answer 1 · 2018-09-09T15:23:39+0000

This can create a shortage in the market. This means that there is too much demand for a good and not enough product to cover it. This creates restrictions on the products that people are allowed to buy, which decreases the profit potential.

Which situation is the most likely result of a price ceiling being set below the equilibrium price?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions