What Is the Term for a Conclusion Reached Based on Available

question 18

Multiple Choice

What is the term for a conclusion reached based on available evidence or partial information?

• A)a fact
• B)an example
• C)an inference
• D)an opinion

---

Definitions:

Price Ceiling

A price ceiling is a government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.

Government

The organized body responsible for overseeing the political administration and governance of a state or nation.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period.

Binding

A situation, typically in the context of contracts or agreements, where parties are legally obligated to adhere to the terms set forth.