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MMLU-Pro / 7119 / Which of the following statements about a price ceiling is accurate?

Problem

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question

Which of the following statements about a price ceiling is accurate?

category

economics

options

  1. A price ceiling will have no effect on the quantity of the good supplied.
  2. A price ceiling will cause a shift in the supply curve for the good.
  3. A price ceiling always results in a surplus of the good.
  4. A price ceiling will increase the total revenue of buyers.
  5. An effective price ceiling must be at a price above the equilibrium price.
  6. A price ceiling will cause a shift in the demand curve for the good.
  7. A price ceiling always leads to a decrease in the quality of the good.
  8. A price ceiling will increase the quantity of the good supplied.
  9. A price ceiling will decrease the total revenue of sellers.
  10. An effective price ceiling must be at a price below the equilibrium price.

src

ori_mmlu-high_school_microeconomics

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