A price ceiling will have no impact on a market if it is set  Select one: a. to maintain parity b. below the equilibrium price  c. below last year’s average price d. above the equilibrium price  e. by knowledgeable government officials

Principles of Economics 2e
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Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
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Problem 32P: Imagine that to preserve the traditional way of life in small fishing villages, at government...
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A price ceiling will have no impact on a market if it is set 
Select one:
a.

to maintain parity

b.

below the equilibrium price 

c.

below last year’s average price

d.

above the equilibrium price 

e.

by knowledgeable government officials

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