Price Ceilings Generally Do Not Lead to Which of the Following

question 39

Multiple Choice

Price ceilings generally do not lead to which of the following?

• A)Persistent shortages
• B)A reduction in the quality of the good
• C)An increase in the number of units purchased
• D)The development of black markets

---

Definitions:

Risk of Loss

Refers to the financial and legal responsibility for damage, destruction, or loss of goods, usually determined by the terms of sale like F.O.B.

Identification

The act of identifying or confirming the identity of an individual or object.

Risk of Loss

The potential for an investment or venture to result in financial loss, a fundamental consideration in finance and insurance.

Sales Contract

A legal agreement between a buyer and seller detailing the terms and conditions of a sale of goods or services.