What Does the Imposition of a Price Ceiling on a Market

question 15

Multiple Choice

What does the imposition of a price ceiling on a market often result in?

• A) an increase in investment in the industry
• B) a surplus
• C) a decrease in discrimination on the part of sellers
• D) a shortage

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Definitions:

Bureaucratic organizations

Organizations structured in a hierarchical manner, emphasizing formal procedures, rules, and a clear division of responsibilities.

Occupational mobility

The ability of individuals to change their occupation or move up within their current career field.

Geographic mobility

The movement of individuals or populations from one location to another, often for reasons related to employment, housing, or quality of life.

Aggregate

A collection or sum of many individuals or elements, often used in statistics or demographics.