Ninasc9olkier Ninasc9olkier

13-10-2016
Business

contestada

Which of the following will occur if the government institutes an effective price ceiling on strawberries?
a. there will be a decrease in demand for and an increase in supply of strawberries.
b. there will be a decrease in supply of strawberries.
c. the quantity supplied of strawberries will decrease.
d. there will be a decrease in demand for strawberries.
e. the quantity demanded for strawberries will decrease.

Respuesta :

Pinkflloyd Pinkflloyd

17-10-2016

Your answer would be B. Companies would have to pay more if an effective price ceiling was put in place so this makes it so companies produce less. Hope this helped!

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