What Happens When Government Imposes Price Ceilings and Floors in a Market

question 210

Multiple Choice

What happens when government imposes price ceilings and floors in a market

• A)Price no longer serves as a rationing device.
• B)Efficiency in the market is increased.
• C)Shortages and surpluses are eliminated.
• D)Buyers and sellers are both better off.

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Definitions:

Dichotomous Thinking

A cognitive distortion that simplifies the complexity of the world into either/or categories, ignoring the nuances and middle ground.

Didactic Perspectives

Educational approaches focused on teaching specific skills, knowledge, or morality, often through direct instruction.

Rigid Either/Or

A cognitive distortion where situations are viewed in a binary manner, without acknowledging a spectrum of possibilities or nuances.

Linked To Suicide

Refers to factors or conditions that have a direct or indirect association with increasing the risk of suicide.