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Impeding Price Signals by Imposing Price Ceilings Can Have Serious

question 97

Multiple Choice

Impeding price signals by imposing price ceilings can have serious consequences. Which of the following is such a consequence?


Definitions:

Discrimination Gradient

The degree to which an organism can differentiate between two stimuli, indicating the sensitivity of its perceptual systems.

Knee Jerk Response

A rapid automatic reaction to a stimulus, often used metaphorically to describe an immediate but unthinking reaction.

Literal "Knee Jerk Response"

A reflexive action of the leg kicking outward when the knee is tapped, used metaphorically to describe an immediate and unthinking response.

Anticipation

The action of expecting or predicting something based on current knowledge or instincts.

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