Suppose a Government Imposes a Binding Price Ceiling on a Good

question 60

Multiple Choice

Suppose a government imposes a binding price ceiling on a good. Which of the following groups is most likely to favor the price ceiling?

• A)People having a low opportunity cost of time
• B)People having high hourly wages and salaries
• C)People having a low propensity to consume
• D)People having a high propensity to invest
• E)People supplying the good in the market

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Definitions:

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Nature And Nurture

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The study of genes, genetic variation, and heredity in living organisms, explaining how traits are passed from parents to their offspring.