If a Price Ceiling Is Not Binding, Then It Will

question 99

True/False

If a price ceiling is not binding, then it will have no effect on the market.

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Definitions:

Synapse

A junction between two neurons or a neuron and a muscle where electrical or chemical signals are transmitted.

Hindbrain

In the early embryo, one of the three divisions of the developing vertebrate brain; subdivides to form the metencephalon, which gives rise to the cerebellum and pons, and the myelencephalon, which gives rise to the medulla. Compare with forebrain and midbrain.

Metencephalon

Part of the vertebrate embryonic brain; gives rise to the cerebellum and pons.

Myelencephalon

Part of the vertebrate embryonic brain; gives rise to the medulla.