When the Government Imposes a Price Ceiling on a Good

question 201

Multiple Choice

When the government imposes a price ceiling on a good whose price is too high,

• A) surpluses are created.
• B) supply will increase to meet the demand.
• C) rationing is not necessary.
• D) quantity demanded of the good will fall.
• E) chronic excess demand occurs.

---

Definitions:

Television Viewing

The act of watching content on a television set.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and selecting an individual for employment based on criteria.

Organizations

Entities comprised of multiple people working together towards common goals or objectives, often structured with specific roles and hierarchies.