-In the Graph Shown Above,if the Government Set a Price

question 54

Multiple Choice

-In the graph shown above,if the government set a price ceiling of $26,

• A)there would be a permanent shortage,at least until the price ceiling was lifted.
• B)there would be a temporary shortage,then the price would fall to equilibrium price.
• C)price would rise to the equilibrium price.
• D)price would immediately fall to the equilibrium price.

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Definitions:

Affirmative Action

A policy or a set of actions designed to promote equal opportunity for historically disadvantaged groups within employment, education, and other areas.

Future Discrimination

The act of unfairly treating individuals or groups based on predicted future characteristics, actions, or behaviors which have not yet occurred.

Verbal Misconduct

Inappropriate or offensive language used in a professional or personal setting, which can harm the workplace environment or personal relationships.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, especially in the workplace.