Suppose a Price Ceiling Is Not Binding;this Means That

question 199

Multiple Choice

Suppose a price ceiling is not binding;this means that

• 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)people are finding a way to circumvent the law.

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Definitions:

Neurotransmitter

Chemical substances that transmit signals across a synapse from one neuron to another neuron or to a target cell.

Amphetamine

A potent central nervous system stimulant that is used in the treatment of attention deficit hyperactivity disorder (ADHD), narcolepsy, and for weight loss, but can also be abused as a recreational drug.

Tranquilizers

Medications used to reduce tension or anxiety, often by depressing the central nervous system.

Placebos

Inactive substances or treatments used as a control in experiments, often to test the effectiveness of medical drugs.