An Outcome That Can Result from Either a Price Ceiling

question 139

Multiple Choice

An outcome that can result from either a price ceiling or a price floor is

• A)an enhancement of efficiency.
• B)undesirable rationing mechanisms.
• C)a surplus.
• D)a shortage.

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Definitions:

Making Money

The process of earning a profit or income, typically through business activities, investments, or employment.

Spending Money

The act of using cash or credit to purchase goods or services, often reflecting the consumption habits of individuals or organizations.

Management Buyout

An acquisition strategy where the existing managers of a company buy a significant part or all of the company from its owners or its parent organization.

Lack of Capital

A situation where there is insufficient financial resources or investment to fund current operations or expand a business.