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13 December, 07:06

Which is not an inefficiency caused by binding price ceilings? illegal activity inefficient allocation to consumers wasted resources inefficient allocation of sales among sellers?

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  1. 13 December, 07:33
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    Answer: inefficient allocation of sales among sellers

    Explanation:

    A binding price ceiling is one in which the government imposes a legal minimum price that can be charged for a good, when the equilibrium price is below it. The ceiling creates a shortage in the market which leads to illegal activities, wasted resources and inefficient allocation to consumers.

    However, it does not lead to inefficient allocation of sales among sellers.
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