If a Price Ceiling Is a Binding Constraint on the Market

question 89

Multiple Choice

If a price ceiling is a binding constraint on the market,

• A)the equilibrium price must be below the price ceiling.
• B)there is excess supply.
• C)sellers cannot sell all they want to sell at the price ceiling.
• D)buyers cannot buy all they want to buy at the price ceiling.

---

Definitions:

Accomplish

To achieve or complete successfully.

Adjusting To Life

The process of adapting to new circumstances, environments, or changes in one's life.

Attachment To The Deceased

The emotional bond that continues between a surviving individual and someone who has died, impacting the grieving process.

Symbolic Objects

Objects or items that represent or stand in for other things, ideas, or concepts, in various cultural or individual contexts.