The Shortages That Result from Imposing Price Controls

question 69

Multiple Choice

The shortages that result from imposing price controls:

• A) are rarely recognized by the public as a result of the price controls themselves.
• B) typically lead the public to lobby politicians to repeal the price controls.
• C) only last for a short while until markets can adjust to the new lower prices.
• D) create higher prices.

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Definitions:

Cyclic Products

Molecules that form rings during a chemical reaction, often increased in stability compared to their open-chain counterparts.

Grubbs Catalyst

A series of transition metal carbene complexes used in olefin metathesis reactions, known for their robustness and wide applicability in organic synthesis.

1,8-nonadiene

An organic compound, a diene with the formula C9H16, featuring double bonds at the 1st and 8th positions, used in the synthesis of polymers and chemicals.

Cationic Polymerization

A type of polymerization initiated by a positively charged species (cation), leading to the formation of polymers.