With Reference to the Graph Above,if the Intended Aim of the Price

question 113

Multiple Choice

With reference to the graph above,if the intended aim of the price ceiling shown was a net increase in the well-being of consumers,then positive analysis would conclude:

• A)the policy was effective,since area A + C is larger than B + D.
• B)the policy was effective,since area B is smaller than area D.
• C)the policy was ineffective,since D is larger than E.
• D)the policy was ineffective,since A + C + D is larger than B + E.

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Definitions:

Ex-Slaves

Individuals who were formerly enslaved but have gained freedom, often through abolition or emancipation movements.

Higher Education

Formal education beyond the secondary level, particularly provided by colleges and universities, leading to degrees or certifications.

Freedmen Request

Petitions or demands made by formerly enslaved individuals following the Civil War, often regarding civil rights and land ownership.