Which of the Following Is False

question 10

Multiple Choice

Which of the following is false?

• A) When the U.S.government imposed price ceilings on gasoline,the result was a surplus of gasoline.
• B) When the U.S.government imposed price ceilings on gasoline,the result was a shortage of gasoline.
• C) If a price ceiling is imposed below the equilibrium price in a given market,the result is a shortage in that market.
• D) First-come-first-served is a commonly used rationing device.

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Definitions:

Personal Pizzas

Small-sized pizzas intended for individual consumption, often customizable with a variety of toppings.

Median

The middle value in a data set when it is arranged in ascending or descending order.

Midpoint

The value that lies exactly in the middle of a data set when it is ordered, or the central point of a line segment.

Set of Scores

A collection of numerical values obtained from a specific assessment or measurement.