Why Do Price Ceilings Tend to Cause Persistent Imbalances in the Market

question 83

Multiple Choice

Why do price ceilings tend to cause persistent imbalances in the market?

• A)Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage.
• B)Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus.
• C)Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage.
• D)Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.

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Definitions:

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A long-term inflammation of the bronchi (large and medium-sized airways) in the lungs, often resulting from smoking or air pollution, characterized by coughing and mucus production.

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The process by which the body maintains optimal blood sugar levels, involving insulin and glucagon to handle absorption and storage of glucose.

Stress Management

Techniques and therapies aimed at controlling a person's levels of stress for improved overall health and well-being.