If a Price Ceiling Were Established Above the Equilibrium Price

question 304

Multiple Choice

If a price ceiling were established above the equilibrium price,

• A) it would have no effect on the quantity demanded.
• B) it would create a shortage.
• C) it would create a surplus.
• D) none of the above.

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Definitions:

Genes

Segments of DNA located on chromosomes that code for proteins, determining the inheritance of physical and some behavioral traits.

Genes

Units of heredity found in all living organisms that carry information for the development, functioning, and reproduction of organisms.

C-Section

A surgical procedure known as cesarean section, used to deliver a baby through an incision in the mother's abdomen and uterus.

Low-Birthweight

Refers to babies born with a weight of less than 2,500 grams (5 pounds, 8 ounces), often associated with developmental or health issues.