At a Price Ceiling of $1 Per Loaf of Bread

question 59

Multiple Choice

At a price ceiling of $1 per loaf of bread, quantity supplied is 99 loaves, which is less than quantity demanded. What must be true for the 100th loaf of bread?

• A) Consumers do not value the 100th loaf of bread.
• B) The cost of producing the 100th loaf of bread is less than $1.00.
• C) Consumers value the 100th loaf of bread at less than $1.00.
• D) Consumers value the 100th loaf of bread more than it costs producers to make it.

---

Definitions:

Autonomic Ganglion

A cluster of nerve cell bodies in the autonomic nervous system that regulates involuntary functions such as heart rate and digestion.

Somatic Motor System

Part of the peripheral nervous system that transmits signals from the central nervous system to skeletal muscles, facilitating voluntary muscle movements.

Postganglionic Neuron

Autonomic neuron that has its cell body located within an autonomic ganglion and sends its axon to an effector organ.

Sympathetic Impulses

Nerve impulses that stimulate the body's fight or flight response, part of the autonomic nervous system.