A Binding Price Floor

question 527

Multiple Choice

A binding price floor
(i) causes a surplus.
(ii) causes a shortage.
(iii) is set at a price above the equilibrium price.
(iv) is set at a price below the equilibrium price.

• A)(i) only
• B)(iii) only
• C)(i) and (iii) only
• D)(ii) and (iv) only

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Definitions:

O-H Stretch

A vibrational mode in infrared spectroscopy indicating the presence of an O-H bond, useful in identifying alcohols, phenols, and acids.

IR Spectrum

A graph displaying the infrared light absorption of molecules, used to determine molecular structures.

Carboxylic Acid

Organic acids containing a carboxyl group (COOH), which makes them capable of donating a proton (acidic) and forming covalent bonds with metals.

Alcohol

An organic compound characterized by one or more hydroxyl (–OH) groups attached to a carbon atom, used in a wide array of applications from solvents to beverages.