Which of the Following Statements Is True If the Government

question 57

Multiple Choice

Which of the following statements is true if the government places a price ceiling on petrol at R15.00 per litre and the equilibrium price is R10.00 per litre?

• A) A significant increase in the demand for petrol could cause the price ceiling to become a binding constraint.
• B) A significant increase in the supply of petrol could cause the price ceiling to become a binding constraint.
• C) There will be a shortage of petrol.
• D) There will be a surplus of petrol.

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Definitions:

Adaptive Function

The way in which behaviors or mechanisms help an individual adjust and effectively cope with their environment or situations.

Safe, Nurturing

Creating an environment that is both physically and emotionally secure, promoting growth and healing.

Awareness of the Unconscious

The recognition or understanding of hidden thoughts, drives, or desires that influence behavior.

Reality Training

A therapeutic approach aimed at helping individuals recognize and cope with the realities and challenges of daily life effectively.