Price Controls

question 7

Multiple Choice

Price controls

• A)are always popular with consumers because they lower prices.
• B)create shortages.
• C)increase producer surplus because firms can now sell a greater quantity of a good at a lower price.
• D)are necessary to preserve equity.

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Definitions:

Oral Cavity

The mouth, an opening in the body used for intake of food and liquid, as well as for communication, that includes the lips, tongue, gums, and teeth.

Muscular Structure

The arrangements and organizations of muscles in an organism, supporting movement and physical function.

Hepatic Flexure

The bend in the colon near the liver, connecting the ascending colon to the transverse colon.

Ascending Colon

The first section of the colon that ascends from the cecum to the transverse colon on the right side of the abdomen.