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.

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Definitions:

Deflections

Movements of an object or path away from its original course, often due to external forces or influences.

ECG

Electrocardiogram, a medical test that measures the electrical activity of the heart to identify various heart conditions.

Letters

Written symbols representing sounds or phonemes, forming the building blocks of written words in alphabetic systems.

Pulmonary Function Tests

A group of tests that measure how well the lungs take in and release air, and how efficiently they transfer oxygen into the blood.