When a Shortage of a Good Is Present Due to a Price

question 187

Multiple Choice

When a shortage of a good is present due to a price ceiling,

• A) the amount supplied will be greater than the amount demanded.
• B) the quality of the good will generally improve.
• C) non-price factors, such as discrimination or waiting in line, will play a greater role in the allocation of the good.
• D) the demand for the product will increase and, thereby, eliminate the shortage.

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Definitions:

Inner Conflicts

Psychological struggles within oneself that arise from opposing desires or impulses.

Maladaptive Behaviors

Actions or reactions that may provide short-term relief or escape from stress but ultimately lead to dysfunctional outcomes or interfere with normal living, well-being, or social interaction.

Unconditional Positive Regard

A caring, accepting, nonjudgmental attitude, which Carl Rogers believed would help people develop self-awareness and self-acceptance.

Operant Conditioning

A learning tactic where behavioral magnitude is conditioned by rewards or disciplinary actions.