If the Intended Aim of the Price Ceiling Set at $6

question 112

Multiple Choice

If the intended aim of the price ceiling set at $6, as shown in the graph, was a net increase in the well-being of consumers, the policy was:

• A)effective because consumers gained in surplus overall.
• B)ineffective because some consumers lost surplus.
• C)ineffective because consumers lost surplus overall.
• D)effective because all consumers gained surplus.

---

Definitions:

Idealized

Artwork or representations created in a way that portrays subjects in a perfected or highly stylized form, often ignoring flaws.

Early Stone Age

The earliest period of the Stone Age, characterized by the use of rudimentary stone tools by early humans, also known as the Paleolithic era.

Rock Art

comprises human-made markings placed on natural stone; it includes petroglyphs, carvings, engravings, and paintings, serving as a prehistoric form of expression and communication.

King Lalibela

A legendary 12th-century Ethiopian ruler credited with the founding of the rock-hewn churches in Lalibela, a significant Christian pilgrimage site.