If a Price Ceiling Price Is Set Above the Equilibrium

question 80

Multiple Choice

If a price ceiling price is set above the equilibrium price:

• A) a shortage of the product will occur
• B) a surplus of the product will occur
• C) buyers may have to queue in long lines for the product
• D) neither the equilibrium price nor the equilibrium quantity will be affected

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Definitions:

Action Potentials

Rapid, temporary changes in the electrical charge of a cell's membrane, allowing for the transmission of signals along neurons.

Graded Potentials

Changes in membrane potential that vary in size and do not follow the all-or-none principle, important in the initiation of action potentials.

Sodium-Potassium Pump

A vital cell membrane protein that exchanges sodium for potassium across the plasma membrane, critical for cellular functions.

Divergence

The functional arrangement of neurons in which a neuron sends signals to two or more postsynaptic neurons. Compare with convergence.