In a Competitive Market,a Binding Price Ceiling Causes ________ by ________

question 115

Multiple Choice

In a competitive market,a binding price ceiling causes ________ by ________.

• A) market efficiency; increasing the economic surplus of the last unit of output produced and consumed
• B) market inefficiency; creating a deadweight loss in economic surplus
• C) market efficiency; increasing the amount produced and consumed
• D) market inefficiency; increasing the amount produced and consumed

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Definitions:

Drive Accounts

Explanations that attribute behavior to internal states of arousal or need that propel individuals towards specific goals.

Approach Accounts

Theories or explanations that focus on the reasons or motivations behind individuals moving towards a goal or object.

Fast Pain

Fast pain is a rapid, sharp, and distinctly uncomfortable sensation often serving as an immediate reaction to injury or potential harm, promoting quick withdrawal from the source.

Amygdala

An almond-shaped set of neurons located deep in the brain's medial temporal lobe, involved in processing emotions such as fear, anxiety, and aggression.