A Market with Price Ceilings Fails to Maximize All of the Following

question 251

Multiple Choice

A market with price ceilings fails to maximize all of the following EXCEPT:

• A) the gains from trade.
• B) consumer surplus.
• C) excess supply.
• D) producer surplus.

---

Definitions:

Biology

The science that studies living organisms and their interactions with one another and their environments.

Environment

The sum of all external conditions and influences affecting the life and development of an organism, encompassing natural, social, and built factors.

Organized Responses

Coordinated reactions by organisms or cells to internal or external stimuli.

Developing Organism

An organism in the stages of growth and development, evolving from early formation to maturity.