Which of the Following Can Create a Deadweight Loss

question 81

Multiple Choice

Which of the following can create a deadweight loss?
i.price supports
ii.price floor
iii.price ceiling

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

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Definitions:

Privately Owned Land

Land that is owned by individuals or entities, not by the government or public sector.

Community Purposes

Refers to the aims, goals, or objectives that benefit the general public or communal groups within society.

Social Justice

The concept of fair and equitable rights and opportunities within society, aiming to address systemic inequalities.

Profit Maximization

The process or strategy focused on increasing the net profit of a business by either reducing costs, increasing revenue, or both.