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Kophy
Kophy , Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 61
Experience:  CPA with Big 4 public accounting experience and now working as an Internal Audit Director.
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What Effect Do Price Ceilings And Price Floors Have

Resolved Question:

What effect do price ceilings and price floors have on the market?
Price ceilings cause an increase in demand and a decrease in quantity supplied, which result in market shortages.
Price floors cause an increase in demand and a decrease in quantity supplied, which result in market surpluses.
Price ceilings cause an increase in demand and a decrease in quantity supplied, which result in market surpluses.
Price floors cause an increase in demand and a decrease in quantity supplied, which result in market shortages.

Submitted: 6 years ago.
Category: Finance
Expert:  Kophy replied 6 years ago.
I believe it would be this one:
Price ceilings cause an increase in demand and a decrease in quantity supplied, which result in market shortages.
Kophy and 2 other Finance Specialists are ready to help you
Customer: replied 6 years ago.
Thank you for your fast reply......have a great evening! Smile

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