Saturday, July 10, 2010

Following would be the least likely result of a price ceiling in the market for rental cars?

1. an accumulation of dirt in the interior of rental cars


2. poor engine maintenance in rental cars


3. free gasoline given to people as an incentive to a rent a car


4. slow replacement of old rental cars with new onesFollowing would be the least likely result of a price ceiling in the market for rental cars?
3.


that's a pretty strange question though haha


the answer is 3 because as there is a price ceiling, this is set below equilibrium and there is no need for an incentive to rent a car. the others will result as producers are less willing to supply quality cars at such a low priceFollowing would be the least likely result of a price ceiling in the market for rental cars?
3.

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