What Will Happen in a Market Where a Binding Price

question 92

Multiple Choice

What will happen in a market where a binding price ceiling is removed?

• A) There will be downward pressure on the price in the legal market.
• B) The products sold will improve in quality and become more plentiful.
• C) Sellers will face a reduced incentive to sell the product.
• D) Buyers will find the good more difficult to obtain in the legal market.
• E) There will be increased pressure to buy and sell the good on the black market.

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Definitions:

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Stable Body Weight

A condition where an individual's body weight remains relatively constant over time, indicating a balance between calorie intake and energy expenditure.

Blood Sugar

The concentration of glucose in the bloodstream, crucial for providing energy to cells throughout the body; its regulation is vital for metabolic health.

Major Source of Energy

Typically refers to carbohydrates, fats, and proteins in the diet, which are essential for providing the body with the necessary fuel to maintain its functions.