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What is the MOST likely result of imposing a price ceiling on a particular product?​
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13 votes
What is the MOST likely result of imposing a price ceiling on a particular product?​

User Shanmuga Raja
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1 Answer

12 votes
12 votes

Answer:

Usually, when a price ceiling is imposed, the demand for the product goes up. This can cause a shortage of products because of their high-demand. Conversely, the opposite occurs when a price floor is imposed.

User Story Ks
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