If a Price Ceiling Is Not Binding,then

question 121

Multiple Choice

If a price ceiling is not binding,then

• A)the equilibrium price is above the price ceiling.
• B)the equilibrium price is below the price ceiling.
• C)it has no legal enforcement mechanism.
• D)None of the above is correct because all price ceilings must be binding.

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Definitions:

Viral

Pertaining to content that rapidly spreads online to a large audience, often through social media platforms.

Voice-Over

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Sound Recorder Software

A computer program that allows users to record audio from various sources into digital files on a computer for editing or playback purposes.

Video Container

A file format that can hold various types of multimedia data, including video, audio, subtitles, and metadata.