When the Government Prevents Prices from Adjusting Naturally to Supply

question 3

Multiple Choice

When the government prevents prices from adjusting naturally to supply and demand,

• A)it equates the amount buyers want to buy with the amount sellers want to sell.
• B)it adversely affects the allocation of resources.
• C)it improves equality and efficiency.
• D)it improves efficiency but reduces equality.

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Definitions:

Conversion

In chemistry, refers to the process of changing one chemical compound into another through a chemical reaction.

Major Organic Product

The main compound generated in the greatest amount in an organic chemistry reaction.

Major Organic Product

The primary chemical compound formed in the largest amount by a reaction involving organic molecules.

Stereochemistry

Stereochemistry deals with the spatial arrangement of atoms in molecules and how these arrangements affect the physical and chemical properties of the molecules.