A Price Ceiling Is a Price

question 30

Multiple Choice

A price ceiling is a price

• A) above which a seller cannot legally sell.
• B) below which a seller cannot legally sell.
• C) that creates a surplus of the good.
• D) Both answers A and C are correct.

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Definitions:

Social Phobia

An intense fear or anxiety of being judged, negatively evaluated, or rejected in a social or performance situation.

Specific Phobia

A marked fear of a specific object or situation; a general label for any phobia other than agoraphobia and social phobia.

Phobic Disorder

An anxiety disorder characterized by an intense, irrational fear of specific objects, activities, or situations leading to avoidance behavior.

Somatoform Disorder

Mental disorders characterized by physical symptoms without a clear physical cause, where symptoms are thought to be the manifestation of psychological conflicts or distress.