If a Price Ceiling Is to Be Binding or Effective,it

question 22

Multiple Choice

If a price ceiling is to be binding or effective,it should be set

• A)Below the equilibrium price,and it will create a market shortage.
• B)Below the equilibrium price,and it will create a market surplus.
• C)Above the equilibrium price,and it will create a market shortage.
• D)Above the equilibrium price,and it will create a market surplus.

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Definitions:

Demonstrates

The act of showing or proving something through example, evidence, or experimentation, often used to convey a concept or teach a lesson.

Eye Contact

The act of looking directly into another person's eyes, which can communicate attention, confidence, or other social cues.

Interview

A formal meeting in which one or more persons question, consult, or evaluate another person.

Positive Body Language

Non-verbal communication that conveys a positive attitude, including gestures, posture, and facial expressions that indicate openness, availability, and enthusiasm.