If a Binding Price Ceiling Were Imposed in the Computer

question 30

Multiple Choice

If a binding price ceiling were imposed in the computer market,

• A)the quantity of computers demanded would increase.
• B)the quantity of computers supplied would decrease.
• C)a shortage of computers would develop.
• D)All of the above are correct.

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Definitions:

March To The Sea

A strategic military campaign during the American Civil War where Union General William Tecumseh Sherman led forces from Atlanta to Savannah, Georgia, destroying military targets as well as civilian property to cripple the Confederate war effort.

Georgia

A state in the Southeastern region of the United States or alternatively, a country located at the intersection of Europe and Asia.

Economic Impact

The effect that an event, policy, or market trend has on economic factors such as GDP, employment, and inflation.

Civil War

A war between citizens of the same country, often resulting from disputes over governance, territory, or other internal issues.