If a Price Ceiling Is Imposed on Oranges, the Result

question 103

Multiple Choice

If a price ceiling is imposed on oranges, the result would be:

• A) a new equilibrium price and quantity would be established
• B) the quantity of oranges would be less than the quantity supplied
• C) the quantity of oranges demanded would be greater than the quantity supplied
• D) there would be a surplus of oranges

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Definitions:

Specialist Species

Organisms adapted to thrive in a specific habitat or to utilize a narrow range of food sources, making them vulnerable to changes in their environment.

Habitat Loss

The destruction or degradation of natural environments, leading to the decline of plant and animal species.

Pollution

The introduction of contaminants into the natural environment causing adverse change, through substances or energy.

Non-native Species

Species that are introduced into an environment where they do not naturally occur, often causing harm to local ecosystems and species.