Which Statement Is True

question 240

Multiple Choice

Which statement is true?

• A)An effective price ceiling is above equilibrium price and causes surpluses.
• B)An effective price ceiling is above equilibrium price and causes shortages.
• C)An effective price ceiling is below equilibrium price and causes surpluses.
• D)An effective price ceiling is below equilibrium price and causes shortages.

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Definitions:

Costs

The expenses or losses associated with an action or decision, which can be financial, emotional, physical, or social.

Rewards

Incentives or benefits received for actions or behaviors, promoting motivation and positive outcomes.

Exercise

Physical activities or routines aimed at improving health, fitness, and overall well-being, ranging from mild to strenuous intensity.

Fitness

pertains to an individual's physical state, in terms of strength, stamina, and overall health, often achieved through exercise and proper nutrition.