Ninasc9olkier Ninasc9olkier

13-10-2016
Business

Answered

Which of the following will occur if the government institutes an effective price ceiling on strawberries?

Athere will be a decrease in demand for and an increase in supply of strawberries.
Bthere will be a decrease in supply of strawberries.
Cthe quantity supplied of strawberries will decrease.
Dthere will be a decrease in demand for strawberries.
Ethe quantity demanded for strawberries will decrease.

Verified Answer :

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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