If the Government Thinks the Price That a Consumer Has

question 23

Multiple Choice

If the government thinks the price that a consumer has to pay for a good is too high,then which of the following would solve this problem?

• A) a price ceiling or an excise tax
• B) a price floor or an excise tax
• C) a price ceiling or a subsidy
• D) a price floor or a subsidy
• E) none of the above will lower the price a consumer has to pay for a good

---

Definitions:

Information Search

The process of seeking out data, facts, and resources to learn about a subject or make decisions.

Solution Evaluation

The process of assessing the effectiveness, efficiency, and adequacy of proposed solutions to problems or challenges.

Decision Cycle

The process of making and implementing decisions that includes stages such as identifying a problem, gathering information, evaluating alternatives, making a choice, and assessing the decision's effectiveness.

Social Science Research

The study of societies and the relationships among individuals within those societies, utilizing various methodologies to gather empirical data.