A Shortage Is Eliminated When

question 51

Multiple Choice

A shortage is eliminated when

• A)​a binding price ceiling is removed.
• B)​a binding price ceiling is enacted.
• C)​a nonbinding price ceiling is repealed.
• D)​a nonbinding price ceiling is imposed.

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Definitions:

Primary Categories

The main groups or classifications into which a set of items or concepts are organized.

Race

A socially constructed category of identification based on physical characteristics, ancestry, historical affiliation, or shared culture.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Category Of Diversity

A classification that differentiates people based on various attributes, such as race, gender, age, or cultural background.