Which Would Be the Least Likely Result of a Price

question 305

Multiple Choice

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

• A) slow replacement of old rental cars with new ones
• B) poor maintenance of the rental cars
• C) dirtier exteriors and interiors of rental cars
• D) free gasoline given to people as an incentive to rent a car

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Definitions:

\(a _ { 5 }\)

Typically denotes the fifth term in a sequence or series, depending on the context of its use.

\(\left( - \frac { 1 } { 5 } \right) ^ { n }\)

This represents a mathematical expression indicating the nth power of \(-\frac{1}{5}\).

Arithmetic

A branch of mathematics dealing with numbers and basic operations such as addition, subtraction, multiplication, and division.

Common Difference

The constant difference between successive terms of an arithmetic sequence.