Which of the following is an implication of the imposition of price ceiling below the equilibrium price?

CA Foundation · Business Economics · MTP · January 2025
Which of the following is an implication of the imposition of price ceiling below the equilibrium price?
(A) A. Shortages in the market
(B) B. Problem of allocation of limited supplies among large number of consumers
(C) C. Black marketing
(D) D. All of the above

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. All of the above

Topics: Indian Economy

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