Which of the Following Is NOT a Predictable Result of a Price

question 182

Multiple Choice

Which of the following is NOT a predictable result of a price ceiling set below the market clearing price?

• A) An illegal market in the good
• B) Excess quantity supplied
• C) Excess quantity demanded
• D) Lines to purchase the product

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Definitions:

Tight Structures

Organizational frameworks characterized by strict rules, procedures, and hierarchical relationships intended to ensure control and order.

Horizontal Form

An organizational structure that emphasizes teamwork and collaboration across departments without a strict hierarchy.

Organic Designs

An approach to organizing and designing workplaces that is flexible, adaptable, and focused on collaboration and networking, in contrast to rigid, hierarchical structures.

Laissez-Faire Systems

A hands-off approach, especially in the context of leadership or economics, where individuals or entities operate with minimal interference or control from authorities.