Which Statement Is NOT an Effect of a Price Ceiling

question 73

Multiple Choice

Which statement is NOT an effect of a price ceiling?

• A) surpluses
• B) misallocation of resources
• C) loss of gains from trade
• D) wasteful lineups

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Definitions:

Secretaries

Administrative professionals who perform routine clerical and organizational tasks to support the functioning of an organization.

Glass Ceiling Effect

An invisible barrier that prevents minorities and women from advancing to the highest levels of leadership and management, regardless of their qualifications or achievements.

Leadership Positions

Positions of authority and responsibility where individuals guide, direct, and influence the work of others.

Minorities

Groups in a society distinguished by cultural, ethnic, racial, religious, or language characteristics, who hold fewer positions of power or have a smaller population compared to the dominant group.