Both Price Floors and Price Ceilings, When Effective, Lead to

question 137

Multiple Choice

Both price floors and price ceilings, when effective, lead to

• A) shortages.
• B) surpluses.
• C) an increase in the quantity traded.
• D) a reduction in the quantity traded.

---

Definitions:

Lower Self-Esteem

A condition where an individual holds a diminished or negative view of their own worth or abilities.

Common Identity

A shared sense of belonging or identity among members of a group, community, or culture that unites them and distinguishes them from others.

Common Bond

A shared connection or interest that unites members of a group or community.

Entitativity

The degree to which a group is perceived as being a coherent, unified entity.