-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:

Force-Field Analysis

A technique used to identify, discuss, and evaluate the various forces for and against a proposed change.

Relevant Factors

Elements or variables that are pertinent to the understanding or outcome of a situation, analysis, or decision-making process.

Current State

The present conditions or status of an organization, process, or system at a specific point in time.

Personal Mastery Learning

The discipline of personal growth and learning which involves clarifying and deepening one's personal vision and focusing energies on achieving desired goals.