Question

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.

Answer 1

id say D, but i don't really know

Answer 2

i know that if the price ceiling is above equilibrium price it does not affect the market

Answer 3

I'd say D. If P is set to be below the equilibrium price then supply will be too low and demand too high.

Answer 4

D

Answer 5

D

Answer 6

i would prefer option D.