If a Price Ceiling Is a Binding Constraint on a Market,then

question 61

Multiple Choice

If a price ceiling is a binding constraint on a market,then

• A)the equilibrium price must be below the price ceiling.
• B)the quantity supplied must exceed the quantity demanded.
• C)sellers cannot sell all they want to sell at the price ceiling.
• D)buyers cannot buy all they want to buy at the price ceiling.

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Definitions:

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