​Price Ceilings Are Never Binding When Set Above the Equilibrium

question 94

True/False

​Price ceilings are never binding when set above the equilibrium price.

---

Definitions:

Fully Functioning Person

A concept in humanistic psychology referring to an individual who is living in alignment with their true self, actively growing, and realizing their potential.

Negative Feelings

Emotions that are unpleasant or undesirable, such as sadness, anger, or frustration.

Stereotypes

Oversimplified, generalized beliefs about a group or category of people that can affect perception and behavior towards them, often leading to prejudice and discrimination.

Organized Whole

A concept often used in the field of Gestalt psychology, emphasizing that the mind tends to perceive objects as a part of a greater whole rather than in isolation.