If a Price Ceiling Is Not Binding,then

question 186

Multiple Choice

If a price ceiling is not binding,then

• A)there will be a surplus in the market.
• B)there will be a shortage in the market.
• C)the market will be less efficient than it would be without the price ceiling.
• D)there will be no effect on the market price or quantity sold.

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Definitions:

Dissociative Identity Disorder

A psychiatric disorder characterized by the presence of two or more distinct personality states that control an individual's behavior in different situations.

Emotional Trauma

A deeply distressing or disturbing experience that significantly impacts an individual's emotional and psychological well-being.

Genetic Predisposition

A genetic effect which influences the likelihood of developing a particular condition based on the genetic makeup of an individual.

Anxiety Disorders

Mental health disorders characterized by significant and persistent fear, worry, or anxiety that interferes with daily activities.