When a price ceiling is in effect:
a. there is no competition for goods.
b. demanders compet...
![Business](/tpl/images/cats/ekonomika.png)
When a price ceiling is in effect:
a. there is no competition for goods.
b. demanders compete for goods in short supply by accepting reductions in quality.
c. suppliers compete for customers by inefficiently raising quality levels.
d. suppliers have an incentive to provide really good customer service.
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Answers: 1
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