Use the Following Figure to Answer the Question

question 244

Multiple Choice

Use the following figure to answer the question :
-If the government set a price floor at $18

• A)there would be a temporary surplus, then prices would fall to equilibrium.
• B)the price floor would not have any effect on this market.
• C)then quantity demanded would be greater than quantity supplied.
• D)there would be a permanent surplus, at least until the price floor was lifted.

---

Definitions:

Determinism

The philosophical belief that all events, including human actions, are ultimately determined by causes external to the will.

Cognitive Processes

Mental activities involved in the acquisition, storage, manipulation, and retrieval of knowledge.

Modeling Therapy

A therapeutic technique involving learning through the observation and replication of others.

Unconscious Resistances

Psychological mechanisms that operate without an individual's awareness to block uncomfortable or distressing thoughts and feelings from entering consciousness.