If the Government Sets £1 as the Price Ceiling for a Pound

question 2

Multiple Choice

If the government sets £1 as the price ceiling for a pound of sugar when the equilibrium price is £2.50, _____.

• A) the number for goods used as a substitute for sugar will fall
• B) sugar will have to be exported to other countries to reduce the surplus in the market
• C) sellers may seek to sell sugar illegally at a price lower than the price ceiling
• D) the quantity of sugar demanded will exceed the quantity supplied

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Definitions:

Generalized Anxiety Disorder (GAD)

A mental health disorder characterized by persistent and excessive worry about various aspects of life.

Cognitive-behavioral Therapy

is a psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors.

Antidepressant Drugs

Medications designed to improve symptoms of depression by altering chemical balances in the brain, particularly neurotransmitter levels.

Panic Disorder

An anxiety disorder characterized by recurrent unexpected panic attacks and fear of experiencing further attacks.