What Is the Long-Run Consequence of a Price Ceiling Law

question 108

Multiple Choice

What is the long-run consequence of a price ceiling law?

• A) A surplus will continue to exist and will grow larger over time.
• B) A surplus will continue to exist and will grow smaller over time.
• C) A shortage will continue to exist and will grow larger over time.
• D) A shortage will continue to exist and will grow smaller over time.
• E) The amount of the surplus will not change.

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Definitions:

Fatiguing

The state of experiencing tiredness or exhaustion as a result of prolonged stress or effort.

Processing

The act of taking in, understanding, and integrating information or experiences.

Forming Responses

The process of developing and articulating replies or reactions, often in the context of communication or team dynamics.

Active Listening

A method of listening that involves paying full attention, understanding, responding, and remembering what is being said.