The Shortage Because of the Price Ceiling Might Result In

question 71

Multiple Choice

The shortage because of the price ceiling might result in:

• A) less waiting times.
• B) more goods on offer.
• C) lower quality of the good.
• D) higher quality of the good.

---

Definitions:

Year

A measurement of time that represents the period it takes for the Earth to complete one orbit around the Sun, approximately 365 or 366 days.

Soft Power

The ability of a country to shape the preferences of others through appeal and attraction, rather than coercion or payment.

Political Retaliation

Acts of revenge or punishment taken against individuals or groups for their political actions, beliefs, or opposition, often intended to suppress dissent or punish political adversaries.

Grants

Financial awards given by government entities or private organizations to fund specific projects or activities.