A Price Ceiling

question 97

Multiple Choice

A price ceiling

• A) creates market efficiency by making a good cheaper.
• B) helps all producers by increasing the price of the good.
• C) can create a black market for the good.
• D) reduces search activity.
• E) benefits all people who want to buy the good.

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Definitions:

Verbal Testimony

Evidence provided orally by a witness during a trial or hearing.

Fifth Amendment

An amendment to the U.S. Constitution that protects individuals against self-incrimination, ensures due process of law, and provides other protections against government abuses.

Self-Incrimination

The act of implicating oneself in a crime, which is protected against by the Fifth Amendment in the United States Constitution.

Defense of Others

A legal justification for using reasonable force to protect another person from harm or danger.