Which of the Following Would Be the Least Likely Result

question 177

Multiple Choice

Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars?

• A) an accumulation of dirt in the interior of rental cars
• B) poor engine maintenance in rental cars
• C) free gasoline given to people as an incentive to a rent a car
• D) slow replacement of old rental cars with new ones

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Definitions:

Intangible Activities

Actions or processes that cannot be physically touched or measured, often associated with services, experiences, or intellectual properties.

Fitness

A state of health and well-being, often achieved through regular physical activity, proper nutrition, and adequate rest.

Marketing Class

An educational course that focuses on teaching the principles, strategies, and tactics of marketing to students.

Durable Goods

Goods not for immediate consumption and able to be kept for an extended period, such as appliances, cars, and furniture.