A Price Ceiling, Such as a Rent Ceiling

question 272

Multiple Choice

A price ceiling, such as a rent ceiling

• A) always results in a surplus.
• B) always results in a shortage.
• C) results in a surplus if the ceiling price is less than the equilibrium price.
• D) results in a shortage if the ceiling price is less than the equilibrium price.

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Definitions:

One-word Stage

The developmental period in early childhood when children begin to use single words to communicate meaning.

Babbling

Babbling is a stage in child language acquisition during which infants spontaneously produce sounds and syllables unrelated to the language spoken around them, indicating early speech development.

Spoken Sounds

The audible units of communication used in verbal language.

Receptive Language

The ability to understand or comprehend language heard or read.