Question: For the following statement, please indicate whether it is true, false or uncertain and furthermore please ARGUE EACH OF THE ALTERNATIVES A price ceiling that

For the following statement, please indicate whether it is true, false or uncertain and furthermore please ARGUE EACH OF THE ALTERNATIVES

"A price ceiling that is set below the equilibrium price":

(a) reduces good-seeking activity and the use of black markets

b) increases good-seeking activity and the use of black markets

c) reduces good-seeking activity and increases use of black markets

d) increases good-seeking activity and reduces the use of black markets

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