A Predictable Result of the Imposition of Binding Price Floors

question 44

Multiple Choice

A predictable result of the imposition of binding price floors or price ceilings is

• A)shortages.
• B)a reduction in quantities exchanged.
• C)surpluses.
• D)production control by the government.
• E)a more equitable distribution of commodities.

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Definitions:

Multiply

The mathematical operation of scaling one number by another, equivalent to adding a number to itself a certain number of times.

Polynomial Functions

Mathematical functions represented by expressions that include terms with variables raised to whole number exponents and coefficients.

Free-Falling Object

An object that is moving under the influence of gravity only, typically described in physics problems without considering air resistance.

Multiply

The operation of finding the total of one number repeated a certain number of times.