Which of the Following Would Be the Least Likely Result

question 97

Multiple Choice

Which of the following would be the least likely result of a price ceiling imposed in the market for rental cars?

• A) slow replacement of old rental cars with new ones
• B) poor maintenance of the rental cars
• C) dirtier exteriors and interiors of rental cars
• D) free gasoline given to people as an incentive to rent a car

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Definitions:

Market

The environment in which goods, services, and labor are exchanged, influencing prices, employment rates, and economic conditions.

Compensation Role

The function of compensation in an organization, focusing on how it attracts, motivates, and retains employees through monetary and non-monetary rewards.

UNICEF Store

Retail operations or online shops that sell products to raise funds for UNICEF's missions and programs focused on children's welfare globally.

Chicken-Processing Plant

A facility dedicated to the slaughtering, processing, and packaging of chicken products for consumer consumption.