A Price Ceiling Is Likely to Result in a Persistent

question 219

Multiple Choice

A price ceiling is likely to result in a persistent _____, a transfer of surplus from _____, and _____ deadweight loss.

• A) surplus; producers to consumers; some
• B) shortage; producers to consumers; some
• C) shortage; consumers to producers; no
• D) surplus; consumers to producers; some

---

Definitions:

Organizational Politics

The practice of using power and social networking within an organization to achieve changes that benefit the organization or individual.

Personal Objectives

Individual goals or targets that a person aims to achieve, which can influence their behavior and performance.

Organizational Politics

The activities and behaviors within an organization aimed at acquiring, developing, and using power and other resources to obtain one's preferred outcomes.

Resource Allocation

The process of assigning available resources, such as time, money, or personnel, to specific tasks, projects, or priorities.