Use the Following to Answer Questions

question 300

Multiple Choice

Use the following to answer questions:
Figure: Price Controls
-(Figure: Price Controls) Refer to the figure. Which price control would cause a shortage of 20 units of the good?

• A) a price ceiling of $10
• B) a price floor of $10
• C) a price ceiling of $6
• D) a price floor of $6

---

Definitions:

A-E-I-O-U Model

A model (way) to communicate concerns and offer alternatives. The steps outlined in the model are (A)—Assume the other members mean well; (E)—Express your feelings; (I)—Identify what you want to happen; (O)—Outcomes you expect are made clear; and (U)—Understanding on a mutual basis is achieved.

Conflict Resolution Style

A method or approach used to address and resolve disagreements, disputes, or conflicts between parties.

Mutual Basis

A foundation for a relationship or agreement characterized by shared interests, benefits, or responsibilities.

Expression of Feelings

The act of communicating or revealing one's emotions and sentiments to others.