The benefit of a price ceiling to ________ is ________.A) producers; the selling price of the product is above the equilibrium priceB) producers; the ceiling creates excess demandC) consumers; the selling price of the product is below the equilibrium priceD) consumers; the ceiling creates excess supply

Question

The benefit of a price ceiling to ________ is ________.A)  producers; the selling price of the product is above the equilibrium priceB)  producers; the ceiling creates excess demandC)  consumers; the selling price of the product is below the equilibrium priceD)  consumers; the ceiling creates excess supply

Olivia Evans · Accepted Answer

Final Answer : C, Explanation :  A price ceiling set below the equilibrium price benefits consumers because it keeps the selling price of the product lower than what it would be at equilibrium, making it more affordable for them.

The benefit of a price ceiling to is .

A) producers; the selling price of the product is above the equilibrium price
B) producers; the ceiling creates excess demand
C) consumers; the selling price of the product is below the equilibrium price
D) consumers; the ceiling creates excess supply

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