Which of the Following Causes a Surplus of a Good

question 1

Multiple Choice

Which of the following causes a surplus of a good?

• A) A binding price floor.
• B) A binding price ceiling.
• C) A tax on the good.
• D) More than one of the above is correct.

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Definitions:

Stimulus

Any event or situation that evokes a response or reaction from an organism or system.

Intrinsic Motivation

The drive to engage in an activity for its own sake, because it is interesting and satisfying in itself, not for some separate outcome.

Creativity at Work

The ability to generate innovative and useful ideas and solutions within a professional context.

Direction of Effort

The orientation or focus of an individual's or group's work and energies towards achieving a particular goal or task.