1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
julia-pushkina [17]
3 years ago
14

A government-imposed price ceiling, below the equilibrium price, in the market for a good or service will result in which of the

following? a. A surplus of that good or service b. A shortage of that good or service c. Lower prices for consumers d. Equilibrium
History
2 answers:
Andru [333]3 years ago
3 0

Answer:

When the government imposed the price ceiling in the market below the equilibrium price for any good or service will result into shortage of that particular good or service.

Correct Answer : Option B.

Explanation:

When the government imposed the price ceiling in the market below the equilibrium price for any good or service will result into shortage of that particular good or service because that will create an excess demand for that particular product.

As a result of the excess demand of the good or service, the demand curve will tend to shift to the right and the supply curve will shift to the left. This will therefore, creates the excess demand of the good or service and thereby letting the shortage of the good or service.

aliina [53]3 years ago
3 0

Price ceiling can be defined as the highest price a seller can charge from the customer for a particular product or service.

Explanation:

  • Price ceiling is  a legal limit (on the price) imposed on a product or service by the government .
  • Rent control is an example of price ceiling
  • Price ceiling is usually imposed on staple food items
  • If the government imposed a price ceiling below the equilibrium price then their will a surplus of goods or services

You might be interested in
England depended on Exported from the colony
Korolek [52]
England profited and enjoyed the exports from the colonies in America but did not depend on them. They had plenty of other colonies. It was America that depended on trade with the British.
8 0
3 years ago
What is the archaeological significance of the Topper site being excavated in South.<br> Carolina
wlad13 [49]

Explanation:

Topper is an archaeological site located along the Savannah River in Allendale County, South Carolina, United States. It is noted as a location of artifacts which some archaeologists believe to indicate human habitation of the New World earlier than the Clovis culture.

4 0
4 years ago
The preliminary Emancipation Proclamation stated that Southern states could keep slavery if they ended the war. they rejoined th
Serjik [45]
On September 22, 1862, the Emancipation Proclamation was given by Abraham Lincoln to finally mark a solution to end the civil war and make the Confederate States yield from their position of resisting the government.  The argument lies in the declared call to make the Confederate States join the Union is that the Emancipation Proclamation of freeing the slaves only applies to States that rebel against the US government. Thus, it was not applicable to States who are from the Union. It was a strategy to attract the Confederate States to Join the Union so they can keep slavery within their borders.
8 0
4 years ago
Read 2 more answers
I dont know this, need some help​
koban [17]

Answer:

c

Explanation:

6 0
3 years ago
Read 2 more answers
Why didn’t other African countries take action like Menelik II?
Ulleksa [173]

Answer:

Menelik II fought off Italians bent on taking his empire, but also oppressed and enslaved ethnic

Explanation:

3 0
3 years ago
Other questions:
  • What are the three sections of hebrew bible? which one do the jews consider to be the most sacred?
    5·1 answer
  • What activities cause cultural blending to occur?
    7·1 answer
  • Can someone help me out with this question please?
    9·1 answer
  • In 1790 which states held territory beyond their current boundaries? What states were eventually formed from these extended terr
    14·1 answer
  • Since most of his guests ignore him, why do they come to gatsby's house?
    7·2 answers
  • Can your parents choose your name in slavery
    7·1 answer
  • What empire was constantinople part of before it was captured?
    13·1 answer
  • Where did Lincoln give this hostorical speech
    12·2 answers
  • Why did brazil begin a road construction program ?
    5·2 answers
  • Read the excerpt from Martin Luther King Jr.’s "The American Dream” speech. "We hold these truths to be self-evident, that all m
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!