Figure 6-6 -Refer to Figure 6-6. Which of the Following Statements Is

question 194

Multiple Choice

Figure 6-6
-Refer to Figure 6-6. Which of the following statements is not correct?

• A) A price ceiling set at $6 would be binding, but a price ceiling set at $12 would not be binding.
• B) A price floor set at $14 would be binding, but a price floor set at $8 would not be binding.
• C) A price ceiling set at $9 would result in a shortage.
• D) A price floor set at $6 would result in a shortage.

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Definitions:

Output Device

A hardware component used to convey information from a computer or system to the external environment, such as a monitor, speaker, or printer.

Input Device

Any device that is used to feed data or control signals into a computer or processing system, such as a keyboard, mouse, or sensor.

IREF

IREF often stands for reference current, a specific, stable current used as a reference point in electronic circuits for biasing and stabilizing purposes.

Internal Reference

A predetermined or fixed point within a system used as a standard for measurement or comparison.