Which of the Following Is True Regarding a Price Support

question 136

Multiple Choice

Which of the following is true regarding a price support set above the equilibrium price?
i.The price support increases the price consumers pay.
ii.The price support creates a deadweight loss.
iii.The price support decreases output.

• A) i and ii
• B) i and iii
• C) iii only
• D) i, ii, and iii
• E) i only

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Definitions:

Nerve Hearing Impairment

A type of hearing loss that occurs due to damage to the auditory nerve or the pathways that lead sound from the ear to the brain.

Cochlear Implants

Electronic medical devices that replace the function of the damaged inner ear by providing a sense of sound to a person who is profoundly deaf or severely hard of hearing.

Taste Buds

Sensory organs located on the tongue responsible for perceiving different tastes.

Papillae

Small projections on the tongue that contain taste buds, which are responsible for detecting taste.