N1000 - Principles of Economics | S1 20/21Which of the following would be the most likely result of a binding price ceiling imposed on the market forQuiz navigationrental cars?4.redd out ofSelect one:10111213O a. frequent rental programs such as "Rent nine times and the tenth rental is free!"ag question1920b. slow replacement of old rental cars with newer onesFinish attempt..O c. enhanced maintenance programs to promote the high quality of the carsTime left 0:26:40O d. free gasoline given to people as an incentive to a rent a carNext pagerevious page3.2.

Price-ceiling is a method by which government(G) sets prices(P) below the equilibrium(eqm) price(P)…

Which of the following would be the most likely result of a binding price ceiling imposed on the market for rental cars? Select one: O a. frequent rental programs such as "Rent nine times and the tenth rental is free!" O b. slow replacement of old rental cars with newer ones O c. enhanced maintenance programs to promote the high quality of the cars O d. free gasoline given to people as an incentive to a rent a car