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:

Externalizing Question

A therapeutic technique used primarily in narrative therapy to help clients view their problems as separate from themselves, thus reducing guilt and blame.

Anxious

Feeling anxious involves experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.

Miracle

In therapy, often related to the "miracle question," a technique used to help clients envision and describe a future where their problems are resolved.

Collaborative Counselors

Therapists who work jointly with clients, valuing their input and perspectives, to achieve therapeutic goals.