Which of the Following Is the Most Likely Explanation for the Imposition

question 162

Multiple Choice

Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk?

• A)Policymakers have studied the effects of the price ceiling carefully,and they recognize that the price ceiling is advantageous for society as a whole.
• B)Buyers of milk,recognizing that the price ceiling is good for them,have pressured policymakers into imposing the price ceiling.
• C)Sellers of milk,recognizing that the price ceiling is good for them,have pressured policymakers into imposing the price ceiling.
• D)Buyers and sellers of milk have agreed that the price ceiling is good for both of them and have therefore pressured policymakers into imposing the price ceiling.

---

Definitions:

Strategic Advantage

A favorable position a company holds against its competitors, often resulting from implementing effective strategies.

Complex

Characterized by having numerous interconnected parts or elements, making something difficult to understand or analyze.

Demand Related

Pertaining to aspects, outcomes, or considerations that are influenced by the demand for products or services, such as pricing, production planning, or inventory levels.