Examlex

Solved

Use the Following to Answer Question

question 85

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Table: Market for Fried Twinkies) Use Table: Market for Fried Twinkies.In response to popular anger over the high price of fried Twinkies and the extreme wealth of fried Twinkie producers,the government imposes a price ceiling of $1.20 per fried Twinkie.From this table,the price ceiling causes a _____ fried Twinkies. A) shortage of 3,000 B) shortage of 5,000 C) surplus of 8,000 D) surplus of 3,000
-(Table: Market for Fried Twinkies) Use Table: Market for Fried Twinkies.In response to popular anger over the high price of fried Twinkies and the extreme wealth of fried Twinkie producers,the government imposes a price ceiling of $1.20 per fried Twinkie.From this table,the price ceiling causes a _____ fried Twinkies.


Definitions:

U.S. Constitution

The foundational document of the United States, outlining the framework of government and the rights of its citizens.

Supreme Court

The highest judicial body in a country or state, which has the ultimate authority to adjudicate appeals, interpret laws, and sometimes decide on the constitutionality of laws.

Copyright

is a legal right granted to the creators of original works, giving them exclusive rights to use, distribute, and reproduce those works for a specified period.

Patent

A government-granted exclusive right to an inventor, allowing them to exclude others from making, using, selling, or importing an invention for a certain period of time.

Related Questions