A Price Ceiling Will Have No Effect If

question 59

Multiple Choice

A price ceiling will have no effect if:

• A) it is set above the equilibrium price.
• B) the equilibrium price is above the price ceiling.
• C) set below the equilibrium price.
• D) it creates a shortage.

---

Definitions:

Horizontal Structure

An organizational structure with few or no levels of middle management between staff and executives, promoting greater team collaboration.

Classical Conditioning

A training method where two signals are consistently linked together; initially, the response is triggered by the second signal but over time, it is the first signal alone that provokes the reaction.

Attitude-Behavior Relationship

The connection between an individual's beliefs or feelings towards an object, person, or situation, and how they subsequently behave.

Attitudes Develop

The process by which individuals form opinions and dispositions towards various phenomena based on experiences, information, and social influences.