Do All Buyers Benefit from a Binding Price Ceiling

question 49

Multiple Choice

Do all buyers benefit from a binding price ceiling?

• A) Yes.A binding price ceiling benefits all buyers because it allows them to obtain the good in the legal market.
• B) No.A binding price ceiling benefits only some buyers because not all are able to obtain the good in the legal market.
• C) No.A binding price ceiling benefits no buyers because sellers are unwilling to sell any of their products.
• D) No.A binding price ceiling benefits only some buyers because,although the price is initially lower,it eventually increases to the equilibrium price.
• E) No.A binding price ceiling benefits no buyers because they are unwilling to buy any of the products at a price higher than the equilibrium.

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Definitions:

Oxytocin

A hormone that plays a role in social bonding, sexual reproduction, childbirth, and the period after childbirth.

Blood Sugar

The concentration of glucose in the blood, an important indicator of metabolic health and diabetes management.

Thyroid Hormones

Chemical substances produced by the thyroid gland, essential for regulating the body's metabolism, energy, and growth.

Cortisol

A steroid hormone produced by the adrenal glands, involved in the body's stress response as well as metabolism and immune function.