Do All Buyers Benefit from a Binding Price Ceiling

question 49

Multiple Choice

Do all buyers benefit from a binding price ceiling?

• A) Yes.A binding price ceiling benefits all buyers because it allows them to obtain the good in the legal market.
• B) No.A binding price ceiling benefits only some buyers because not all are able to obtain the good in the legal market.
• C) No.A binding price ceiling benefits no buyers because sellers are unwilling to sell any of their products.
• D) No.A binding price ceiling benefits only some buyers because,although the price is initially lower,it eventually increases to the equilibrium price.
• E) No.A binding price ceiling benefits no buyers because they are unwilling to buy any of the products at a price higher than the equilibrium.

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Definitions:

Moisturizing

The process of applying a substance to the skin or hair to increase its water content and prevent dryness.

Filtering

The process of removing or separating out certain particles from a mixture or solution.

Warming

The increase in the Earth's average surface temperature due to rising levels of greenhouse gases and other factors.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.