Which of the Following Causes a Shortage of a Good

question 181

Multiple Choice

Which of the following causes a shortage of a good?

• A)a binding price floor
• B)a binding price ceiling
• C)a tax on the good
• D)None of the above is correct.

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Definitions:

Determination

The resolve or firmness of purpose one has in pursuing goals or overcoming obstacles.

Cope

The process of effectively dealing with and attempting to overcome issues and difficulties.

Brave

The quality of being able to face and endure danger, difficulty, or pain without being overcome by fear; exhibiting courage.

Linking

The process of connecting or associating two or more elements together.