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Question Practice

If the government imposes a price ceiling, what is one possible consequence?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

If the government imposes a pr...

Single Answer MCQ
Q-00089601

If the government imposes a price ceiling, what is one possible consequence?

1

Increased production

2

Shortage of goods

3

Surplus in the market

4

Long-term price stability

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