An Outcome That Can Result from Either a Price Ceiling

question 139

Multiple Choice

An outcome that can result from either a price ceiling or a price floor is

• A)an enhancement of efficiency.
• B)undesirable rationing mechanisms.
• C)a surplus.
• D)a shortage.

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Definitions:

Tip-Of-The-Tongue Phenomenon

A common cognitive experience where a person is unable to fully recall a word or name, but has partial recall and a strong feeling that retrieval is imminent.

Retrieved

The process of recalling or bringing back information from memory.

Schema

A cognitive framework or concept that organizes and interprets information in the mind, helping individuals to understand the world around them.

Icon

A mental representation of a visual stimulus that is held briefly in sensory memory.