how are the short-run consequences of price ceilings on bread magnified in the long run?

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30-09-2021
Business

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how are the short-run consequences of price ceilings on bread magnified in the long run?

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s304792 s304792 · Answer 1 · 2021-10-14T11:12:47-04:00

s304792 s304792

14-10-2021

Answer:

It will no longer exists.

Explanation:

In the long run, bread consumers will choose substitutes to the expensive bread offered in the black market. ... In the long run, the price ceiling will no longer exist as the government is forced to abolish it.

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