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16 February, 10:17

To affect the market outcome, a price ceiling

A. must be set below the black market price.

B. must be set below the legal price.

C. must be set below the price floor.

D. must be set below the equilibrium price

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Answers (1)
  1. 16 February, 11:57
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    The correct answer among the choices provided is option D. To affect the market outcome, a price ceiling must be set below the equilibrium price. The government can set a price ceiling to aid buyers. This is an attempt to maintain the prices other than the equilibrium level.
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Home » Business » To affect the market outcome, a price ceiling A. must be set below the black market price. B. must be set below the legal price. C. must be set below the price floor. D. must be set below the equilibrium price
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