Who Are Unambiguously Worse Off in the Case of a Price

question 102

Multiple Choice

Who are unambiguously worse off in the case of a price ceiling?

• A)Both buyers and sellers
• B)Buyers
• C)Sellers
• D)Neither buyers nor sellers
• E)Government officials

---

Definitions:

Electronic Funds Transfers

The electronic transfer of money between accounts by consumer electronic systems rather than the exchange of cash, checks, or other paper documents.

Internal Control Of Cash

Procedures and measures implemented by a business to monitor, manage, and protect its cash transactions and holdings.

Voucher System

A control mechanism in accounting to approve and document all disbursements of cash for business transactions.

Cash Payments

Transactions involving the outflow of cash to settle debts, purchase goods, or cover expenses.