The Imposition of a Binding Price Ceiling on a Market

question 136

Multiple Choice

The imposition of a binding price ceiling on a market causes quantity demanded to be

• A)​greater than quantity supplied.
• B)​less than quantity supplied.
• C)​equal to quantity supplied.
• D)​Both (a) and (b) are possible.

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Definitions:

Social Interest

A concept in psychology that refers to an individual's inclination towards empathy, cooperation, and a sense of belonging within a community.

Adler

Alfred Adler was a psychotherapist and founder of the school of individual psychology, emphasizing the importance of feelings of inferiority and societal engagement.

Masculine Protest

In Adler’s version of psychoanalysis, the idea that a particular urge in adulthood is an attempt to compensate for one’s powerlessness felt in childhood.

Overcompensating Behavior

Refers to excessive efforts made by an individual to cover up feelings of inadequacy or shortcomings, often observed in psychology as a defense mechanism.