A Price Ceiling Can Result in Which of the Following

question 107

Multiple Choice

A price ceiling can result in which of the following?

• A) inefficiency
• B) black markets
• C) increased search activities
• D) All of the above answers are correct.

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Definitions:

Fats

Organic compounds consisting of triglycerides that are solid at room temperature, used as a major energy store in animals.

Triglyceride

A type of fat (lipid) found in your blood, formed from a single molecule of glycerol and three fatty acids.

Glycerol Molecule

A simple sugar alcohol compound with three hydroxyl (OH) groups, used as a sweetener and in pharmaceutical and cosmetic products.

Fatty Acid Molecules

Long-chain hydrocarbons with a carboxylic acid group at one end, important in dietary fats and cell membrane structure.