Which of the Following Is Most Likely to Generate a Surplus

question 195

Multiple Choice

Which of the following is most likely to generate a surplus?

• A) A price floor
• B) A price ceiling
• C) An illegal market
• D) All of these

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Definitions:

Decreasing Volume

A situation where the amount or quantity of something, such as product production or sales, is reducing over time.

North American Trend

Refers to prevailing patterns, movements, or inclinations within the North American market or cultural context.

Insourcing

Bringing previously outsourced operations back in-house, to gain better control over processes and potentially reduce costs.

Subcontracts

Contracts awarded by a primary contractor to a third party for completing part of the work required in a main contract.