The Major Drawback of a Price Ceiling Is

question 89

Multiple Choice

The major drawback of a price ceiling is

• A)it causes a surplus.
• B)government regulations of this kind are difficult to enforce.
• C)it causes a shortage.
• D)There is no drawback.

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Definitions:

Questionnaires

A research instrument consisting of a series of questions for the purpose of gathering information from respondents, often used in surveys and studies.

Interviews

A method of collecting information through direct conversation, typically used for research or employment selection purposes.

Experimental Research Method

A research methodology that tests hypotheses and establishes cause-effect relationships by manipulating independent variables and observing their effects on dependent variables.

Cause-and-Effect Relationships

The principle that an action or event (cause) will produce a certain response or outcome (effect) in a given context.