When a Price Ceiling That Has an Impact Is Imposed

question 63

Multiple Choice

When a price ceiling that has an impact is imposed, it has the effect of

• A)decreasing quantity supplied and increasing quantity demanded.
• B)decreasing both quantity supplied and quantity demanded.
• C)increasing quantity supplied and decreasing quantity demanded.
• D)increasing both quantity supplied and quantity demanded.

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Definitions:

Social Group

A collection of individuals who interact with each other and share similar characteristics and a sense of unity.

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner, often leading to the suppression of a particular group or individual.

Prejudice

A preconceived opinion or judgment towards people, groups, or subjects that is not based on reason or actual experience.