In 1-2 sentences, explain the effect of a price ceiling on the quantity of a good.

They prevent a price from falling below a certain level.Price floors and price ceilings can lead to unintended consequences.

Answer and Explanation:

The correct answer and explanation is:

The ceiling price is binding and makes the equilibrium amount to change. The quantity demanded rises meanwhile the quantity offered declines. As a result we get a quantity shortage of the amount. Further, a loss of dead-weight is created from the price ceiling.

world bank is the correct answer.

the secretary of state, appointed by the president with the advice and consent of the senate, is the president's chief foreign affairs adviser. the secretary carries out the president's foreign policies through the state department and the foreign service of the united states.