Which Would Be the Least Likely Result of a Price

question 195

Multiple Choice

Which would be the least likely result of a price ceiling imposed in the market for gasoline?

• A) Buyers line up to buy gasoline.
• B) Buyers bribe station attendants to fill up their tanks.
• C) Some buyers will get less gasoline than they want.
• D) Competition in the market will be eliminated.

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Definitions:

Common Stock

Equity ownership in a corporation, with voting rights and the potential to receive dividends.

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits.

Journal Entry

A record in the books of accounts that represents a business transaction, including the accounts and amounts to be debited and credited.

Dividend Yield Ratio

A business ratio reflecting the amount a firm disburses in dividends annually compared to the price of its shares.