What Could Happen to Render the Price Ceiling Set in the Graph

question 142

Multiple Choice

What could happen to render the price ceiling set in the graph shown non-binding?

• A) Demand could increase, and shift to the right.
• B) Demand could decrease, and shift to the left.
• C) Supply could decrease, and shift to the left.
• D) None of these would cause the price ceiling to be non-binding.

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Definitions:

Name

In computing, a name refers to a label that identifies a variable, function, or entity within a program or system.

Cell References

In spreadsheet applications, the unique identifier of a cell, based on its column letter and row number, used in formulas to point to data.

Macro

A set of instructions or a script designed to automate repetitive tasks within software applications, allowing users to execute those tasks with a single command or click.

Absolute

A term used to describe values or measurements that are not relative and remain constant regardless of changes in other variables.