Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)With a price floor, the market will not clear.
• B)With a price floor, consumers will buy less of the good than they would in a free market.
• C)With a price floor, producer surplus will always increase.
• D)With a price floor there will be excess supply.

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Definitions:

Abortion

The medical or surgical termination of a pregnancy before the fetus can live independently outside the mother's womb.

Acquisitive

Having a strong desire to acquire material possessions or gain new knowledge.

Achieving

The act of successfully reaching a goal or objective through effort, skill, or courage, often recognized with a sense of accomplishment.

Reorganization

A process undertaken by companies or entities to rearrange their legal, ownership, operational, or other structures for efficiency, survival, or growth.