Which of These Is NOT Correct? Price Floors and Price

question 118

Multiple Choice

Which of these is NOT correct? Price floors and price ceilings

• A) are typically instituted by government.
• B) can interfere with the process leading to market equilibrium.
• C) can result in surpluses or shortages.
• D) help a market balance the interests of sellers and buyers.

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Definitions:

Sells

Involves transferring ownership of a good or service to a buyer for a price.

HDC Status

An abbreviation for Holder in Due Course Status, it refers to a legal shield that provides protection for the possessor of a negotiable instrument from certain defenses if the instrument was acquired in good faith.

Irregularity

A deviation from what is standard, normal, or expected, often indicating a potential issue or problem.

Forged Maker's Signature

An illegal alteration or the unauthorized signing of a document by someone other than the individual purportedly doing the signing.