Which of the Following Will Tend to Occur If Price

question 56

Multiple Choice

Which of the following will tend to occur if price floors are imposed on a product?

• A)persistent surpluses 
• B)problems of disposal of goods 
• C)disguised discounts developing to eliminate excess production 
• D)overinvestment in the industry 
• E)All of the above are correct.

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Definitions:

Ledger

Definition: A book or database in which financial transactions are summarized and categorized to show account balances.

Fees Billed

Represents charges issued by a company for services it has provided, awaiting payment from clients or customers.

Accounts Receivable

Financial obligations customers have towards a business for availed goods or services which are unpaid.

Customers

Individuals or entities that purchase goods or services offered by a business.