Question:medium

Arrange the following statements in the correct chronological sequence regarding the impact of government intervention in the form of price control in the market: A. There will be excess demand for sugar at that price
B. Government imposes an upper limit on the price of sugar
C. Sugar is distributed to everyone through a system of rationing
D. This may lead to a shortage of sugar in the market

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Price ceiling below equilibrium causes: \[ \text{Excess demand} \rightarrow \text{Shortage} \rightarrow \text{Rationing} \]
Updated On: May 12, 2026
  • A, B, C, D
  • A, C, B, D
  • B, A, D, C
  • C, B, D, A
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The Correct Option is C

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