Effective price ceilings in the short run on goods make
Effective price ceilings (in the short run) on goods make those goods typically:
1. Hard to find.
2. Easy to find.
3. Less desirable.
4. Be in excess supply.
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businesses are the1 sellers in the factor market and buyers in the goods market2 buyers in the factor market and
the quantity of goods and services1 available to society cannot change2 available is not of economic importance3
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in the mid-1990s fashion trends toward loose-fitting casual cotton clothing drove up the price of domestic cotton in
effective price ceilings in the short run on goods make those goods typically1 hard to find2 easy to find3 less
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