Which of the Following Will Most Likely Occur When Government

question 106

Multiple Choice

Which of the following will most likely occur when government price controls fix the price of a good above market equilibrium?

• A) Waiting lines to buy the good will develop.
• B) The quality of the good will deteriorate.
• C) Consumers will buy more than they would at the market equilibrium price.
• D) A surplus of the good will develop.

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Definitions:

Heart Attack

A medical emergency where the blood flow to the heart is suddenly blocked, leading to damage of the heart muscle.

Stroke

A health issue wherein the flow of blood to a segment of the brain is either halted or diminished, causing the brain tissue to be deprived of oxygen and essential nutrients.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, often related to atherosclerosis or buildup of plaque in the arteries.

Ages

Various stages of human life characterized by specific developmental milestones, health care needs, and social roles.