The Persistent Unwanted Surplus That Results from a Binding Price

question 97

Multiple Choice

The persistent unwanted surplus that results from a binding price floor causes inefficiencies that do NOT include:

• A)inefficiently low quality.
• B)inefficient allocation of sales among sellers.
• C)wasted resources.
• D)the temptation to break the law by selling below the legal price.

---

Definitions:

Duties and Responsibilities

The obligations and tasks that an individual or entity is expected to perform as part of a role or contract.

External Recruitment

The process of seeking job applicants from outside the organization.

Fresh Perspectives

New, innovative viewpoints or approaches brought into a situation or problem-solving process.

Specialized Expertise

Unique and advanced knowledge or proficiency in a particular area or discipline.