If the Equilibrium Price of Bread Is $2 and the Government

question 94

Multiple Choice

If the equilibrium price of bread is $2 and the government imposes a $1.50 price ceiling on the price of bread, then:

• A) more bread will be produced.
• B) there will be a shortage of bread.
• C) the demand for bread will decrease.
• D) producers will charge $0.50 for bread.

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Definitions:

Employee Behaviours

Actions and conduct displayed by employees in the workplace, which can impact organizational performance, culture, and climate.

Organizational Behaviour

The study of how people interact within groups in a workplace setting and how this affects organizational performance.

Actual Behaviour

The real actions or conduct displayed by an individual, as opposed to intentions or stated policies.

Human Resources Management

The practice of recruiting, hiring, managing, and developing an organization's employees to enhance their performance and meet strategic goals.