The Most Likely Reason That the Government Implements a _____

question 75

Multiple Choice

The most likely reason that the government implements a _____ is because it feels the price is too high for _____.

• A) price ceiling; consumers
• B) price floor; consumers
• C) price ceiling; producers
• D) price floor; producers

---

Definitions:

Zero Slope

Characteristic of a straight line that is perfectly horizontal, indicating no change in the dependent variable regardless of changes in the independent variable.

Panels

Groups of selected individuals or experts brought together to discuss, investigate, or study a specific subject or area of interest.

Average Costs

The total costs of production divided by the quantity of output produced, representing the cost per unit of output.

Output

The quantity of goods or services produced by a firm or industry within a certain period.