Which of the Following Best Describes the Profile of Web-Driven

question 10

Multiple Choice

Which of the following best describes the profile of web-driven entrepreneurs?

• A) female with university education
• B) female with high school education
• C) male with high school education
• D) male with university education

---

Definitions:

Binding Price Ceiling

A maximum price set by the government below the equilibrium price, preventing suppliers from raising the price above it, leading to shortages.

Surplus

The situation in which the quantity of a good supplied exceeds the quantity demanded, often resulting in downward pressure on prices.

Price Ceiling

A legally established maximum price that can be charged for a good or service, aimed at preventing prices from becoming too high.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.