Figure 6-5 -Refer to Figure 6-5.If the Horizontal Line on the Graph

question 348

Multiple Choice

Figure 6-5

-Refer to Figure 6-5.If the horizontal line on the graph represents a price ceiling,then the price ceiling is

• A) binding and creates a surplus of 40 units of the good.
• B) binding and creates a surplus of 90 units of the good.
• C) not binding but creates a surplus of 40 units of the good.
• D) not binding, and there will be no surplus or shortage of the good.

---

Definitions:

Fair-Minded

Having the ability to judge or consider something or someone in a just, impartial, and equitable manner.

Holistic Critical Thinking

A comprehensive analytical approach that combines different perspectives and aspects to assess and solve problems or make decisions.

Scoring Rubric

A set of criteria and standards used to systematically evaluate specific objectives or outcomes.

Give Reasons

The act of providing logical or rational explanations for actions, decisions, or beliefs.