Which of the Following Is True

question 206

Multiple Choice

Which of the following is true?
i.A price ceiling is inefficient but fair.
ii.A price floor is inefficient and unfair.
iii.A price support increases the quantity produced.

• A) Only i
• B) Only ii
• C) Only iii
• D) i and ii
• E) ii and iii

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Definitions:

Derived Class

A class that inherits properties and behaviors from another class, known as the base class, enhancing or modifying them.

Base Class

A class from which other classes are derived, providing foundational attributes and methods.

Instance Variables

Variables that are non-static and are declared within a class outside any method, constructor or block.

Ancestor Classes

Classes in object-oriented programming from which a class inherits properties and methods, often referred to as superclass or base class.