Limited access

Upgrade to access all content for this subject

Which of the following do economists expect to occur when the government sets effective price ceilings or floors in markets that are currently allocatively efficient?

A

Buyers will get incorrect information about the scarcity of products.

B

Sellers will get incorrect information about the scarcity of products.

C

Markets will become less efficient.

D

The quantity demanded and quantity supplied in those markets will not balance.

E

All of the above

Select an assignment template