Figure 6-5 -Refer to Figure 6-5. If the Horizontal Line on the Line

question 574

Multiple Choice

Figure 6-5
-Refer to Figure 6-5. If the horizontal line on the graph represents a price ceiling, then the price ceiling is

• A) binding and creates a surplus of 60 units of the good.
• B) binding and creates a surplus of 20 units of the good.
• C) not binding but creates a surplus of 40 units of the good.
• D) not binding, and there will be no surplus or shortage of the good.

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Definitions:

Encircle And Trap

This term refers to a strategic or tactical maneuver designed to surround and capture or isolate an enemy or target area.

Method

A specific procedure or technique used to achieve a result or conduct a study.

Tuna

A saltwater fish that belongs to the tribe Thunnini, a subset of the mackerel family, known for its speed and high-quality flesh.

Pull A Net

A fishing technique involving dragging a net through water to catch fish; can be applied in various scales from small artisanal fishing to large commercial operations.