Which of the Following Was an Effect of the Price

question 5

Multiple Choice

Which of the following was an effect of the price ceiling placed on gasoline in the United States in the 1970s?

• A) The inventory of unsold gas increased, and gas stations incurred losses.
• B) Those who valued gas the most were able to buy gas under the price ceiling.
• C) Gas stations ran out of gas as the quantity of gas demanded exceeded the quantity supplied.
• D) Car owners started buying luxury cars that were less fuel efficient as the price of gas was very low.

Comprehend the influence of social roles and expectations on individual behavior.

Understand techniques of persuasion and compliance, including the low-ball technique and the foot-in-the-door technique.

Explore the relationship between attitude components (cognitive, affective, behavioral) and behavior.

Understand the concept of cognitive dissonance and its effects on attitudes and behaviors.

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Definitions:

Inductive Reactance

The resistance to the change in current flow by an inductor in an AC circuit, measured in ohms and dependent on frequency.

Inductive Reactance

Inductive reactance is the opposition to the change in current flow by an inductor, and it increases with an increase in the frequency of the applied electric signal.

Parallel Circuit

An electrical circuit configuration where multiple paths are available for current flow, resulting in each component having the same voltage applied.

Inductor Value

The measure of an inductor's ability to store energy in a magnetic field, usually identified by its inductance, measured in henries (H).