A Price Ceiling Creates a ________ When It Is Set

question 213

Multiple Choice

A price ceiling creates a ________ when it is set ________.

• A) surplus; below the equilibrium price
• B) surplus; above the equilibrium price
• C) shortage; below the equilibrium price
• D) shortage; above the equilibrium price

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Definitions:

SmartArt

A graphics tool included in Microsoft Office applications that enables users to create visually appealing diagrams, flowcharts, and organizational charts easily.

Duration

The total time period something lasts or continues.

Delay

The period or amount of time by which something is late or postponed, often encountered in computing, networking, and real-life scenarios.

Effect Option

In software, customizable settings that change the appearance or behavior of an element, such as animations or visual effects.