Price Gouging Laws Will Usually Result in ________ the Product

question 63

Multiple Choice

Price gouging laws will usually result in ________ the product in the distressed market.

• A) more supply of
• B) more local business start-ups to supply
• C) government setting up an agency to regulate supply of
• D) more Craigslist postings for
• E) more demand than supply of

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Definitions:

Partnership

An officially authorized business partnership in which two or more persons co-manage the operation and profit-sharing.

Limited Liability Company

In the United States, a company framework where the owners bear no personal responsibility for the firm's financial obligations or liabilities.

General Partnership

A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.

General Partnership

A form of partnership where all partners share unlimited liability for the business's debts and obligations.