Figure 6-31 ​

question 457

Multiple Choice

Figure 6-31 ​
-Refer to Figure 6-31. Suppose that a price ceiling is imposed in this market at a price of $30. The effect of this price ceiling would be ​

• A)nonbinding and cause a shortage of 50 units.
• B)​binding and cause a shortage of 50 units.
• C)​binding and cause a shortage of 20 units.
• D)nonbinding and have no effect on the market.

---

Definitions:

Spelling Errors

are mistakes in the way words are spelled, which can affect the clarity and professionalism of written communication.

Word Usage

Refers to the way in which words are used in speech or writing to convey specific meanings or messages.

Complement

Something that completes or goes well with something else, often making it whole or perfect.

Spelling Rules

Standardized guidelines for forming words correctly, including the arrangement of letters and the use of prefixes, suffixes, and patterns in a language.