Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

What is the principal consequence of introducing an effective maximum price on foodstuffs?

  • AInflation would rise.
  • BThe price of foodstuffs would rise.
  • CThere would be a decrease in the import of foodstuffs.
  • DThere would be a shortage of foodstuffs.

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