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

question 44

Multiple Choice

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

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

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Definitions:

Multidose Vial

A vial of liquid medication intended for use in multiple doses, as opposed to a single-use vial.

Chemotherapy

A type of cancer treatment using one or more anti-cancer drugs as part of a standardized chemotherapy regimen.

Metric System

A decimal system of measurement based on the meter, liter, and kilogram as units of length, capacity, and mass, respectively.

Liter

A metric unit of volume equal to 1,000 cubic centimeters or approximately 0.264 gallons.