Which of the Following Is an Unintended Consequence of Price

question 31

Multiple Choice

Which of the following is an unintended consequence of price ceilings?

• A) The loss of surplus always outweighs the benefits of the policy.
• B) Non-price rationing must occur and can lead to bribes.
• C) The transfer of surplus from producer to consumer rarely is recognized.
• D) Producers will increase the quality of the goods sold.

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Definitions:

Calculate

To calculate the quantity or count of an item using mathematical methods.

Simplify

To make something less complex or easier to understand, often used in the context of reducing mathematical expressions.

Expression

In mathematics, a combination of symbols that jointly express a quantity or can define an equation.

Simplify

Simplifying a mathematical expression or problem means breaking it down to its most basic form to make it simpler to understand or resolve.