Because a Price Floor Causes

question 47

Multiple Choice

Because a price floor causes:

• A)a shortage,rationing must occur.
• B)a surplus,some producers may ultimately lose because they won't have enough customers.
• C)a shortage,a central planner must distribute the goods fairly.
• D)a surplus,a central planner must distribute the goods fairly.

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Definitions:

Scholastic Aptitude Test

A standardized test commonly used for college admissions in the United States, measuring reading, writing, and mathematical reasoning skills.

Moral Reasoning

The process of determining what is right or wrong in a given situation based on ethical principles and moral values.

Moral Perfection

An aspirational state where an individual seeks to achieve the highest possible moral standard in their behavior and actions.

Moral Errors

Mistakes or wrong actions that are made based on incorrect moral reasoning or ethical judgement.