Why Are Binding Price Ceiling Laws Passed

question 97

Multiple Choice

Why are binding price ceiling laws passed?

• A) They make goods more expensive (and profitable)for firms.
• B) They encourage sellers to produce more of a good.
• C) They encourage producers to sell higher-quality products.
• D) They permit customers to obtain higher-quality products.
• E) They make a good less expensive for those customers who are able to purchase the good in the legal market.

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Definitions:

Mental Health Treatment

Interventions designed to treat mental disorders, which may include therapy, medication, or other forms of support.

Substance Abuse Treatment

A range of medical and therapeutic treatments aimed at helping individuals overcome dependence on or misuse of drugs, alcohol, or other substances.

Sleepwalking

A behavior disorder that involves getting up and walking around while in a state of sleep.