If a Seller Facing Excess Demand Is Unable to Raise

question 16

Multiple Choice

If a seller facing excess demand is unable to raise the price ofthe good due to a price ceiling, a likely result will be:

• A)an increase in the quantity supplied of the product.
• B)an increase in the price of the product.
• C)a decrease in the quality of the product.(True Answer )Correct
• D)a further decrease in the price of the product.

---

Definitions:

Fontanels

Soft spots in an infant’s skull that consist of tough membranes that connect to incompletely developed bone.

Skull

The bony structure forming the head, housing the brain and providing protection to it.

Spongy Bones

A type of bone tissue characterized by a porous, honeycomb-like structure, found primarily at the ends of long bones and in the interior of vertebrae, playing a key role in movement and support.

Endosteum

A membrane that lines the medullary cavity and the holes of spongy bone.