All of the Following Are True of a Price Ceiling

question 194

Multiple Choice

All of the following are true of a price ceiling except which one?

• A)It does not create deadweight loss.
• B)It can lead to black markets.
• C)It causes a shortage in the market.
• D)It causes buyers search time to increase.

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Definitions:

Dark Brown

A color, often associated with earth or wood, that signifies a deep, rich brown shade.

C Soil Horizon

The layer of soil that consists of weathered parent material, lying beneath the A (topsoil) and B (subsoil) horizons.

Weathering

Weathering is the process by which rocks, soil, and minerals are broken down by the Earth's atmospheric and biological conditions, such as temperature changes and chemical reactions.

Parent Material

The underlying geological material (generally bedrock or a superficial or drift deposit) in which soil horizons form.