If a Price Ceiling Is a Binding Constraint on a Market,then

question 61

Multiple Choice

If a price ceiling is a binding constraint on a market,then

• A)the equilibrium price must be below the price ceiling.
• B)the quantity supplied must exceed the quantity demanded.
• C)sellers cannot sell all they want to sell at the price ceiling.
• D)buyers cannot buy all they want to buy at the price ceiling.

---

Definitions:

Workers' Compensation

This insurance offers medical benefits and compensation for lost wages to employees hurt during their employment.

Verification

The process of establishing the truth, accuracy, or validity of something.

Policy Number

A unique identifier assigned to an insurance policy.

TRICARE

A program that provides healthcare benefits for families of military personnel and military retirees.