Assume No Price Ceiling Exists and a Market Is in Equilibrium

question 174

Multiple Choice

Assume no price ceiling exists and a market is in equilibrium. Then a price ceiling is established which is below the market equilibrium. What would result?

• A) Shortage.
• B) Equilibrium.
• C) Surplus.
• D) Equity.

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Definitions:

Sexual Assessment

A clinical evaluation of an individual's sexual health, preferences, behaviors, and function, often part of a comprehensive health assessment.

Irregular Periods

Variations in the menstrual cycle length that are not consistent from one cycle to the next.

PLISSIT Model

is a framework used in sex therapy that stands for Permission, Limited Information, Specific Suggestions, and Intensive Therapy, guiding the treatment process.