Price Ceilings and Price Floors That Are Binding

question 189

Multiple Choice

Price ceilings and price floors that are binding

• A)are desirable because they make markets more efficient and more fair.
• B)cause surpluses and shortages to persist because price cannot adjust to the market equilibrium price.
• C)can have the effect of restoring a market to equilibrium.
• D)are imposed because they can make the poor in the economy better off without causing adverse effects.

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Definitions:

Cognitive Problems

Difficulties in processing information, including challenges with memory, attention, problem-solving, and decision-making.

Dissociative Disorder

A mental health condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Pervasive Developmental Disorder

A now-obsolete category that included autism and related disorders characterized by delays in the development of socialization and communication skills.

Dementia Disorder

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember.