An effective price ceiling usually results in? A) Excess demand B) Excess supply C) A new equilibrium at a lower-priced D) A decrease in demand Related MCQs: Effective price ceiling usually results in A shopkeeper raises the price of a cycle by 5 percent above the market price and charges 12 percent sales tax on the market price. As a result, a customer has to pay Rs. 4680 for the cycle. What is the market price of the cycle? The cross-price elasticity of demand for orange juice concerning the price of apple juice? Under price discrimination a monopolist firm?