If a Price Ceiling Is to Be Effective,it Should Be

question 15

Multiple Choice

If a price ceiling is to be effective,it should be set

• A)Below the equilibrium price,and it will create a market shortage.
• B)Below the equilibrium price,and it will create a market surplus.
• C)Above the equilibrium price,and it will create a market shortage.
• D)Above the equilibrium price,and it will create a market surplus.

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Definitions:

Obstructionist Strategy

A strategy where a business or individual actively resists or tries to block proposed changes or developments.

Utilitarian View

A philosophical approach that emphasizes the greatest good for the greatest number, often used in ethical decision-making.

Ethical Behaviour

Conduct that is consistent with what is considered to be right or morally good, defined by the standards and principles of a society or organization.

Social Responsibility Audit

A process of evaluating a company's commitment and performance towards social and environmental responsibilities.