If a Price Ceiling Is Set Above the Equilibrium Price

question 145

Multiple Choice

If a price ceiling is set above the equilibrium price,

• A) quantity demanded will equal quantity supplied.
• B) there will be a surplus.
• C) there will be a shortage.
• D) demand will be less than supply.

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Definitions:

Polymerase Chain Reaction

A laboratory technique used to amplify DNA segments, enabling detailed analysis and study of genetic material.

DNA Polymerase

DNA Polymerase is an enzyme that synthesizes DNA molecules from deoxyribonucleotides, the building blocks of DNA, playing a critical role in DNA replication and repair.

Enzyme

Protein or RNA that speeds up a reaction without being changed by it.

Reverse Transcriptase

An enzyme that synthesizes DNA from an RNA template, essential in the replication of retroviruses.