If the Government Imposes a Price Ceiling, Then

question 6

Multiple Choice

If the government imposes a price ceiling, then:

• A) producers must charge the ceiling price.
• B) the price offered by producers must be at or above the ceiling price.
• C) the price offered by producers must be at or below the ceiling price.
• D) producers would be inclined to increase the quantity supplied.

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Definitions:

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Traditional media outlets, like television and radio networks, that distribute content to a wide audience.

Hobbyists

Individuals who engage in a pursuit or interest in their leisure time for pleasure rather than as a main occupation.

Pew Research Center

A nonpartisan American think tank based in Washington, D.C., that provides information on social issues, public opinion, and demographic trends shaping the United States and the world.

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