Price Controls

question 321

Multiple Choice

Price controls

• A) exist when firms decide that they want to charge a higher price for their product.
• B) exist when consumers boycott a product.
• C) are government-mandated minimum or maximum prices that may be charged for goods.
• D) are the benefit of discount stores like Sam's Club.

---

Definitions:

Contact Metamorphism

Occurs when rocks undergo transformation due to high temperatures and pressures from nearby magma bodies, without melting.

Desert Varnish

A dark coating found on exposed rock surfaces in arid environments, composed of fine particles of clay, manganese, and iron oxides.

Desert Pavement

A natural surface covering of closely packed rock fragments typically found in desert regions.

Unconformity

A geological surface that represents a gap in the geological record, with layers of rock that were laid down non-continuously.