​A Price Ceiling Set Below the Equilibrium Price Creates a Shortage

question 182

True/False

​A price ceiling set below the equilibrium price creates a shortage.

---

Definitions:

Asperger Syndrome

A developmental disorder affecting ability to effectively socialize and communicate.

Savant Syndrome

A condition where an individual, often with significant mental disabilities, demonstrates profound and prodigious capacities or abilities in a specific area.

William Syndrome

A genetic disorder characterized by developmental delays, cardiovascular disease, and distinctive facial features, often with a friendly personality.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.