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.

---

Definitions:

Transgender

Identifying as a gender that does not correspond to one's biological sex assigned at birth.

Intersex

A condition present at birth due to unusual combinations of male and female chromosomes, hormones, and anatomy; possessing biological sexual characteristics of both sexes.

Social Transition

Refers to changes in an individual's social status or roles, often associated with life events such as marriage, retirement, or moving to a new community.

Social Acceptance

The degree to which an individual is accepted or regarded positively by a social group or society at large.