Supposed the Government Imposed a Binding Price Ceiling in the Market

question 11

Multiple Choice

Supposed the government imposed a binding price ceiling in the market for bottle water.Other things equal, the effect of this price ceiling will be to:

• A)decrease the quantity of bottle water sold in the market.
• B)give an incentive for buyers and sellers to of water to make illegal transactions.
• C)allow less number of low-income people to buy water.
• D)All of the choice are correct.

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Definitions:

Power Motive

The drive to influence people or control resources; a motivation that involves striving for impact on or dominance over others.

Bossy

Tending to give people orders in a domineering manner, often excessively and without proper authority.

Controlling

Exerting power or influence over others in a way that limits their autonomy or freedom.

High Neuroticism

An elevated level of the personality trait involving more frequent or intense experiences of negative emotions such as anxiety and depression.