Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)A binding price ceiling results in excess supply.
• B)A non-binding price ceiling results in excess demand.
• C)A non-binding price ceiling results in excess supply.
• D)A binding price ceiling results in excess demand.
• E)a and c are correct.

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Definitions:

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A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by its cost.