Question: What will be the effect on the economy when a national government uses too many price ceilings on a variety of goods and services? Multiple

What will be the effect on the economy when a national government uses too many "price ceilings" on a variety of goods and services?
Multiple Choice
There will be a surplus of goods and services.
There will be a shortage of goods and services.
Price ceilings do not harm the economy and they have no effect whatsoever.
Price celings are a sophisticated tool and will promote economic growth and prosperity.

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