Which of the Following Is a Result of Government Price

question 5

Multiple Choice

Which of the following is a result of government price controls?

• A)Some people win and some people lose.
• B)Price controls benefit poor consumers but harm producers and wealthy consumers.
• C)Price controls increase economic efficiency.
• D)The deadweight loss from price ceilings is greater than the deadweight loss from price floors.

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Definitions:

Iron

A metallic element (Fe), crucial for biological processes and used in making steel and other alloys.

Canines

Sharp, pointed teeth located towards the front of an animal's mouth, used primarily for tearing food.

Incisors

The sharp, chisel-shaped front teeth that are used for cutting food. In humans, there are four incisors in each jaw.

Large Intestine

The large intestine is the final section of the gastrointestinal tract, responsible for water absorption and the formation of feces.