Which Action Will Always Result in a Shortage

question 100

Multiple Choice

Which action will always result in a shortage?

• A) when the government imposes a price ceiling below equilibrium price
• B) when the government imposes a price ceiling above equilibrium price
• C) when the government imposes a price floor below equilibrium price
• D) when the government imposes a price floor above equilibrium price

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Definitions:

Kierkegaard

A Danish philosopher and theologian considered the father of existentialism, who explored the complexities of individual existence, choice, and faith.

Alienation

Describes the estrangement of individuals from themselves, their work, or society, often discussed in the context of labor and social structures.

Sartre

Jean-Paul Sartre, a French existentialist philosopher, playwright, novelist, political activist, and literary critic noted for his analysis of the nature of existence and freedom.