When a Price Ceiling Is Set Below the Equilibrium Price,the

question 30

Multiple Choice

When a price ceiling is set below the equilibrium price,the quantity supplied ________ the quantity demanded and ________ exists.

• A) is less than; a surplus
• B) is less than; a shortage
• C) is greater than; a surplus
• D) is greater than; a shortage
• E) equals; an equilibrium

---

Definitions:

Indicator

A measurable variable used to demonstrate the progress toward achieving a specified goal or to assess the condition of a particular aspect of an ecosystem or economy.

Ecosystem Structure

The arrangement of biotic and abiotic components within an ecosystem, determining how it functions and supports life.

Species Diversity

The variability among living organisms from all sources, including terrestrial, marine, and other aquatic ecosystems and the ecological complexes of which they are a part.