Code Example Ch 08-1

question 9

Multiple Choice

Code Example Ch 08-1
Assume an int array, values, that is filled to capacity with the following values:
|18 | 9 | 4 | 12 | 2 | 6 | 8 |
-Refer to Code Example Ch 08-1: What is returned by values.length?

• A) 0
• B) 5
• C) 6
• D) 7
• E) 18

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Definitions:

Binding Price Floor

A government-imposed price control or limit that sets a minimum price above the equilibrium price, leading to surplus in the market.

Price Paid

The actual amount of money exchanged for a good or service.

Supply and Demand

Fundamental economic model describing how prices and quantities of goods and services are determined in a market based on the relationship between the quantity supplied and the quantity demanded.

Price Floor

A government or regulatory minimum price set for a commodity, below which it cannot legally be sold.