A Price Ceiling Usually Results in a _____ Misallocation of Resources

question 92

Multiple Choice

A price ceiling usually results in a _____ misallocation of resources.

• A) shortage and a
• B) surplus and a
• C) shortage and no
• D) surplus and no

---

Definitions:

Settled

The resolution or conclusion of a dispute, transaction, or legal case, often involving compromise or agreement by all parties.

Moot

Pertains to an issue that is debatable or questionable but has no practical value or relevance, often because circumstances have changed.

Directed Verdict

A ruling by the judge, after the plaintiff has presented her case but before any evidence is put forward by the defendant, in favor of the defendant because the plaintiff has failed to present the minimum amount of evidence necessary to establish his claim.

Jury Selection

The process of choosing jurors from the pool of potential jurors for a trial, through a series of questions and processes intended to ensure an impartial jury.