Price ceilings during a hyperinflation are problematic because multiple choice many producers will go out of business
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Question:
Price ceilings during a hyperinflation are problematic because
multiple choice
many producers will go out of business because the costs of production will soon exceed the legal selling price.
consumers don't like the goods that producers are offering for sale.
many government officials will become corrupt.
the excess money supply makes prices too high.
Related Book For
Managerial Accounting Decision Making and Performance Management
ISBN: 978-0273764489
4th edition
Authors: Ray Proctor
Posted Date: