An Example of an Effective Price Ceiling Would Be the Government

question 28

Multiple Choice

An example of an effective price ceiling would be the government setting the price of wheat at ________ per bushel when the market price is at $4.25 per bushel.

• A) $3.75
• B) $4.25
• C) $7.75
• D) $12.00

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Definitions:

Photosynthesis

The process by which green plants, algae, and some bacteria transform light energy into chemical energy stored in glucose, using carbon dioxide and releasing oxygen.

Own DNA

Refers to the self-replicating material present in nearly all living organisms as the main constituent of chromosomes, holding genetic information.

Gap Junctions

Specialized intercellular connections between a multitude of animal cell-types that permit the direct transfer of ions, molecules, and electrical impulses through regulated pores.

Plasmodesmata

Cytoplasmic channels in plant cell walls that allow for transportation and communication between cells.