When a Price Ceiling Prevents a Higher Market Price from Rationing

question 80

Multiple Choice

When a price ceiling prevents a higher market price from rationing a good,

• A) a surplus of the good will develop.
• B) scarcity of the good will be eliminated.
• C) non-price factors will play a more important role in the rationing process.
• D) the future supply of the good will expand rapidly.

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Definitions:

Gender Bread Diagram

A visual model used to explain the spectrum of gender identity, gender expression, biological sex, and sexual orientation.

Gender Identity

A person's internal, deeply held sense of their gender, which may be different from the sex they were assigned at birth.

Gender Expression

The outward presentation or performance of gender, which might include dress, speech, mannerisms, and social interactions that society identifies with particular gender norms.

Intersex

A person whose physical anatomy does not fit within the traditional definitions of male or female.