Price Floors and Price Ceilings

question 30

Multiple Choice

Price floors and price ceilings

• A) lead to the same prices and quantities that would be found in a competitive market
• B) lead to technical efficiency
• C) cause the demand curve to shift to the left
• D) usually result from government intervention
• E) cause the supply curve to shift to the right

---

Definitions:

Sense of Identity

Pertains to one's understanding and perception of themselves, including beliefs, characteristics, and values.

Fugue State

A rare psychological state in which a person loses awareness of their identity or other significant autobiographical information and may engage in unexpected travel or wandering.

Dissociative Disorder

A psychological condition marked by a disruption in the linkages among cognition, self-awareness, memory, and personal identity.

Nutritional Deprivation

A condition resulting from the lack of essential nutrients in the diet, leading to various health problems such as malnutrition, developmental delays, and increased susceptibility to disease.