A Price Ceiling on a Good Often Results In

question 100

Multiple Choice

A price ceiling on a good often results in:

• A)a black market,or underground transactions of the good.
• B)a surplus of the product.
• C)more communication between buyers and sellers about the appropriate price.
• D)a more efficient allocation of the good to buyers.

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Definitions:

Effective Meaning

The successful conveyance or communication of a particular message or idea so that it is understood by others.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs, guiding the reader's understanding of the section's content.

Main Idea

The central thought or message that an author intends to communicate through their text.

Specific Details

Particular facts or information that are clearly defined and distinct from general statements.