A Regulated Maximum Price That Is Above the Equilibrium Price

question 38

Multiple Choice

A regulated maximum price that is above the equilibrium price:

• A)will lead to black markets.
• B)will have no effect on the market.
• C)will lead to excess supply in the market.
• D)will lead to excess demand in the market.

---

Definitions:

Operating Fund

Refers to the pool of resources available for the day-to-day functioning of an organization, covering expenses such as salaries, rent, and utilities.

Strategic Plans

Long-term planning documents that articulate an organization's goals, strategies for achieving those goals, and measures for assessing progress.

Operational Plan

A detailed outline of how a strategy will be implemented in terms of resources and actions needed to achieve specific objectives.

System Capacity

The maximum output or performance level that a system can handle, which can refer to organizations, networks, or technical systems.