All of the Following Are True of a Price Ceiling

question 18

Multiple Choice

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

• A)Some demanders are harmed.
• B)Some demanders benefit.
• C)Some suppliers benefit.
• D)A deadweight loss is created.

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Definitions:

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in chemical bonds and electricity.

Transferred

Moved or shifted from one place, person, or thing to another.

Proton

Positively charged particle in the nuclei of atoms.

Electric Charge

A physical property of matter that causes it to experience a force when placed in an electromagnetic field.