FIGURE 5- 2 -Refer to Figure 5- 2. a Price Ceiling Set at Ceiling

question 68

Multiple Choice

FIGURE 5- 2
-Refer to Figure 5- 2. A price ceiling set at a price of $2.50 per unit will result in

• A) a surplus of 5 units
• B) a shortage of 5 units.
• C) a surplus of 10 units.
• D) a shortage of 10 units.
• E) no change in the market outcomes.

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Definitions:

Terrestrial

Pertaining to or representing the land as opposed to water or air.

Monocot

One of two classes of flowering plants; monocot seeds contain a single cotyledon, or seed leaf. Compare with eudicot.

Linnaeus

Carl Linnaeus, an 18th-century Swedish botanist, physician, and zoologist who is known as the father of modern taxonomy for creating a system for naming, ranking, and classifying organisms.

Binomial System of Nomenclature

A formal system of naming species of living things by giving each a name composed of two parts, both of which use Latin grammatical forms.