Which of the Following Is a Consequence of a Non-Binding

question 37

Multiple Choice

Which of the following is a consequence of a non-binding price floor?

• A) There will be downward pressure on prices until quantity demanded equals quantity supplied.
• B) There will be upward pressure on prices until quantity demanded equals quantity supplied.
• C) There are no consequences to a non-binding price floor.
• D) The quantity demanded will always exceed the quantity supplied.
• E) The quantity demanded will always be smaller than the quantity supplied.

---

Definitions:

Person-Situation Debate

A discourse in psychology that questions whether behavior is primarily influenced by personality traits or situational factors.

Walter Mischel

An American psychologist known for his research on personality and his critique of the idea that behavior is consistent across different situations.

Gordon Allport

An American psychologist regarded as one of the founding figures of personality psychology.

Sigmund Freud

An Austrian neurologist who founded the discipline of psychoanalysis and developed theories about the unconscious mind, defense mechanisms, and psychosexual stages.