When an effective price ceiling is in place

  • every consumer is better off.
  • every consumer is worse off.
  • some consumers are better off and others are worse off.
  • on average the net change in consumer surplus is zero.

Note/Explanation

When an effective price ceiling is in place some consumers are better off and others are worse off.

Leave a Reply

© 2017 Micro Solutions Bangladesh and/or MCQ Academy.