Given the Following Code Snippet: Which of the Following

question 342

Multiple Choice

Given the following code snippet: Which of the following failure modes would the code exhibit?

• A) Open
• B) Secure
• C) Halt
• D) Exception

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, usually to protect consumers.

Price Floor

A government or regulatory minimum price that must be paid for a good or service, intended to prevent prices from falling too low.

Shortage

A market condition where demand exceeds supply.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded, often resulting in excess stock and potential price reductions.