Which of the Following Would Not Interfere with Market Equilibria

question 167

Multiple Choice

Which of the following would not interfere with market equilibria?

• A)a minimum wage
• B)a rent control
• C)a non-binding price floor
• D)a binding price ceiling

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Definitions:

Service Quality

Refers to the measurement of how well a delivered service matches the customer's expectations.

External Forces

Events, conditions, or factors outside an organization that can affect its performance and operational success.

Touch Labour

Labor directly involved in the manufacturing or assembly of products, as opposed to indirect labor roles such as supervision or management.

Knowledge Workers

Individuals whose primary job involves the creation, manipulation, and management of information.