Figure 6-7 -Refer to Figure 6-7.Suppose a Price Ceiling of $5 Is

question 90

Multiple Choice

Figure 6-7

-Refer to Figure 6-7.Suppose a price ceiling of $5 is imposed on this market.As a result,

• A) the quantity of the good supplied decreases by 20 units.
• B) the demand curve shifts to the left so as to now pass through the point (quantity = 40, price = $5).
• C) buyers' total expenditure on the good decreases by $100.
• D) the price of the good continues to serve as the rationing mechanism.

---

Definitions:

Ambiguous Stimuli

Refers to sensory information that can be interpreted in multiple ways, leading to uncertainty or variability in perception.

Inner Thoughts

Personal, private reflections or considerations, often not voiced or shared with others.

Personality Inventory

A type of questionnaire or psychological test designed to reveal aspects of an individual's character or psychological makeup.

Individual's Thoughts

The personal cognitive processes or considerations of a person.