Consumer Confidence Is at a Low During Periods of

question 161

Multiple Choice

Consumer confidence is at a low during periods of

• A) recession.
• B) prosperity.
• C) recovery.
• D) slowdown.
• E) depression.

---

Definitions:

Price Ceiling

A legal maximum price set by authorities for goods or services, intended to prevent prices from rising above a certain level to protect consumers.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Government Implements

Actions taken by the government to put policies, regulations, or laws into effect.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices.