Which of the Following Often Occurs as a Result of a Price

question 11

Multiple Choice

Which of the following often occurs as a result of a price ceiling?

• A)More of a product is produced than people are willing to buy.
• B)The product becomes unavailable.
• C)Consumers wanting to buy the product form long lines.
• D)Poor people find it harder to obtain the product.
• E)Black markets for the product disappear.

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Definitions:

Antecedent Conditions

Factors or circumstances that exist or occur before a specific event, influencing or leading to the event’s occurrence.

Superordinate Goals

Shared goals that override differences among people and require their cooperation to achieve.

Competing Objectives

Instances where objectives or goals of individuals, teams, or departments within an organization clash or oppose each other.

Unethical Negotiating Behaviour

Practices in negotiation that are dishonest, unfair, or violate moral principles.