Which of the Following Causes a Surplus of a Good

question 139

Multiple Choice

Which of the following causes a surplus of a good?

• A)a binding price floor
• B)a binding price ceiling
• C)a tax on the good
• D)More than one of the above is correct.

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Definitions:

Circumstances

Circumstances are the conditions or facts affecting a particular event or situation.

Stimuli

Environmental signals or events that provoke responses from organisms, essentially the plural form of stimulus.

Innate

describes traits or qualities that are present from birth, not learned or acquired after birth.

Mondegreens

Mishearings or misinterpretations of phrases as a result of near-homophony, often resulting in a new meaning or humorous effect.