Price Floors and Ceiling Prices Both

question 89

Multiple Choice

Price floors and ceiling prices both

• A)cause shortages.
• B)cause surpluses.
• C)cause the supply and demand curves to shift until equilibrium is established.
• D)interfere with the rationing function of prices.

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Definitions:

Levels

Distinct categories or values that independent or dependent variables can take in a study or experiment.

dfWG

Degrees of freedom within groups, a concept in statistical analysis that represents the number of independent pieces of information available to estimate a parameter or calculate a statistic within a subset or group.

Degrees of Freedom

The total amount of discrete variables or numbers that are able to fluctuate within a study without breaking any limitations.

Factor B

A variable or condition that is manipulated or varied in an experiment, considered distinct from other variables or conditions.