Suppose the equilibrium price of a given good is $14, and the government imposes a price ceiling at $11. Which of the fo

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answerhappygod
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Suppose the equilibrium price of a given good is $14, and the government imposes a price ceiling at $11. Which of the fo

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Suppose the equilibrium price of a given good is $14, and thegovernment imposes a price ceiling at $11. Which of the followingis the most likely result?
Group of answer choices
Another rationing device will be used to distribute the goodamong buyers.
This will cause a shortage, so some buyers and sellers will riskbreaking the law in order to exchange the good at a prohibitedprice.
Some buyers will be worse off with the lower price because theymay not be able to obtain the good.
All of the above
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