A Violation of a Building Code Is an Example of Which

question 70

Multiple Choice

A violation of a building code is an example of which of the following offenses?

• A)A malum in se crime
• B)A felony
• C)A petty offense
• D)An ex post facto crime
• E)Any business-related crime

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Definitions:

Binding Price Ceiling

A legal maximum price for a good or service that is set below the equilibrium price, resulting in shortages.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market stability.

Surplus

An excess of supply over demand in a market, typically resulting in lower prices.

Price Ceiling

A legally established maximum price that can be charged for a good or service.