Government would create a price ceiling for a certain good

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Reference no: EM13732840

Which of the following might explain why the government would create a price ceiling for a certain good?

a. The equilibrium price that would result in the market would be considered too high

b. The equilibrium price that would result in the market would be considered too low

c. The equilibrium quantity that would result in the market would be considered too high

d. The equilibrium quantity that would result in the market would be considered too low

e. The government never has a reason to create price floors or price ceilings

Reference no: EM13732840

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