Which of the Following Causes a Shortage of a Good

question 181

Multiple Choice

Which of the following causes a shortage of a good?

• A)a binding price floor
• B)a binding price ceiling
• C)a tax on the good
• D)None of the above is correct.

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Definitions:

Political Parties

Organized groups of people with similar political aims and opinions, that seek to influence public policy by getting their candidates elected to public office.

Presidential Cabinet

A body of advisors to the President of the United States, composed of the heads of the executive departments.

Political Divisions

Refers to the differences in political opinions that exist within a society, often leading to varying political parties and ideologies.

Alexander Hamilton

A Founding Father of the United States known for being an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system.