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:

Supervisees

Individuals who are under the guidance and oversight of a supervisor, especially in professional settings for training or development purposes.

Interpersonal Dynamics

The underlying patterns and interactions between individuals in a social setting, influencing their behaviors and relationships.

Disequilibrium

A state of imbalance or lack of stability, often used in the context of economics, psychology, or physical systems.

Refreezing

The process of stabilizing a group or organization after a change has occurred, to ensure that the new changes are maintained over time.