An Unintended Consequence of Price Ceilings Is

question 107

Multiple Choice

An unintended consequence of price ceilings is:

• A) the loss of surplus always outweighs the benefits of the policy.
• B) non-price rationing must occur, and can lead to bribes.
• C) the transfer of surplus from producer to consumer rarely is recognized.
• D) the producers increase the quality of the goods sold.

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Definitions:

Ovulation

The release of an ovum from an ovary.

Ovum

A female gamete or egg cell involved in reproduction, which when fertilized by a sperm, can develop into an embryo.

Chemical

A substance produced by or used in a chemical process, described by a specific composition of atoms or molecules.

Meiosis

A type of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, as in the production of gametes and plant spores.