The Imposition of Price Ceilings on a Market Often Results

question 36

Multiple Choice

The imposition of price ceilings on a market often results in

• A) an increase in investment in the industry.
• B) a persistent surplus in the market.
• C) an increase in expenditures in the black market.
• D) lower prices being offered on the black market.

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Definitions:

Human-Centered Design

A design approach that prioritizes the needs, wants, and limitations of the end-user at every stage of the design process.

Human Needs

Fundamental requirements that people need to survive and thrive, including physiological needs, safety, love, and esteem.

Design Thinking

A problem-solving approach that involves assessing known aspects of a problem and identifying the more ambiguous or peripheral factors that contribute to the conditions of a problem.

Near Future

A time period that is immediately forthcoming, typically implying changes or events that are expected to happen soon.