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

question 10

Multiple Choice

-In the graph shown above,if the government set a price ceiling of $18

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

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Definitions:

Competitiveness

A personality trait that describes the tendency of an individual or group to strive to be more successful than others.

Decisions

The process of making choices or conclusions after considering available information and alternatives.

Hypertension

A medical condition characterized by consistently high blood pressure levels, which can increase the risk of heart disease and stroke.

Visible Symptoms

Signs of a disease or condition that can be seen externally on the body.