If You Were a Politician,why Would You Find It Difficult

question 151

Multiple Choice

If you were a politician,why would you find it difficult to remove a binding price ceiling?

• A) because it greatly benefits firms, and they would spend a lot of money to lobby against the law's repeal
• B) because it greatly benefits government, which receives additional tax revenue as a result
• C) because it greatly benefits all consumers, and they are also voters
• D) because it greatly benefits some consumers who are also voters
• E) because it greatly benefits society as a whole, with all consumers able to buy as much as firms produce

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Definitions:

DC Circuit

A circuit that has a constant direction of flow of electric current, typically using direct current (DC) as its power source.

Directly Proportional

A relationship between two variables where if one increases, the other one also increases at a constant ratio.

Inversely Proportional

A relationship between two variables where when one variable increases, the other decreases at a rate that maintains the constant product of the two variables.

Power Source

A component or system that provides electrical power to a circuit or device.