Statement I: a Price Floor Will Always Have an Effect

question 103

Multiple Choice

Statement I: A price floor will always have an effect on a market.
Statement II: A price ceiling which has been set above equilibrium will cause a shortage.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Radical Behaviorism

A branch of psychology that studies behavior through the lens of environmental and biological influences, dismissing the relevance of mental states.

Social Isolation

A state where an individual lacks a sense of social belonging, social engagement, or social contact with others, leading to feelings of loneliness and social disconnection.

Avoidant Behaviors

Actions undertaken to escape from or avoid situations that cause anxiety, often leading to reinforcement of the behavior through negative reinforcement.

Evolutionary Psychology

A theoretical approach to psychology that seeks to explain traits, behaviors, and psychological processes by understanding them in terms of evolutionary adaptations.