Which of the Following Is an Accurate Statement About the Consequence

question 153

Multiple Choice

Which of the following is an accurate statement about the consequence of a binding price floor?

• A) Binding price floors do not allow sellers to receive a higher price if they sell the product in the legal market.
• B) Binding price floors encourage the formation of a black market.
• C) Binding price floors discourage the formation of a black market.
• D) Binding price floors create a shortage of the product.
• E) Binding price floors cause consumers to want to purchase more of the product in the legal market.

---

Definitions:

Telomere

A region of repetitive nucleotide sequences at each end of a chromosome, which protects the end of the chromosome from deterioration or from fusion with neighboring chromosomes.

Chromosome

A long, threadlike structure made of protein and a single molecule of DNA, found in the nucleus of most living cells, carrying genetic information in the form of genes.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for receiving and transmitting information through electrical and chemical signals.

Frontal Lobes

The part of the brain located behind the forehead that is responsible for complex cognitive functions, including behavior, learning, personality, and voluntary movement.