Which of the Following Is True

question 76

Multiple Choice

Which of the following is true?
i.A price ceiling set above the equilibrium price has no effects.
ii.A price ceiling set below the equilibrium price creates a surplus.
iii.A price floor set above the equilibrium price has no effects.

• A) only i
• B) only ii
• C) only iii
• D) i and ii
• E) ii and iii

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Definitions:

Showings Increase

An uptrend in the number or frequency of presentations or displays, such as in real estate showings or movie screenings.

Systematic Random Sample

A systematic random sample is a method of sampling where elements are selected from an ordered sampling frame at regular intervals, starting from a random point.

Alphabetically

The arrangement of words or terms in the order of the letters of the alphabet.

Sample

A selected segment of a population used to represent the whole population in research or analysis.