The Imposition of Price Ceilings on a Market Often Results

question 36

Multiple Choice

The imposition of price ceilings on a market often results in

• A) an increase in investment in the industry.
• B) a persistent surplus in the market.
• C) an increase in expenditures in the black market.
• D) lower prices being offered on the black market.

---

Definitions:

Net Worth

The difference between assets and liabilities.

American Households

Units of living in the United States that consist of one or more people who live in a single housing unit, which may include families and roommates, and their economic and social characteristics.

Welfare Rolls

Lists or records of individuals receiving assistance from government welfare programs, which are designed to provide support for the needy.

Food Stamps

Government-issued vouchers that can be used to purchase food by those in need, aiming to reduce hunger and improve nutrition among low-income families.