A Nonbinding Price Ceiling (I)causes a Surplus

question 410

Multiple Choice

A nonbinding price ceiling (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:

Fear Neutral Stimuli

Stimuli that originally do not provoke fear responses but can become fear-inducing when associated with a negative event.

Shock

A medical emergency involving a sudden drop in blood flow throughout the body, or a strong emotional or physical response to a traumatic event.

Stimulus Generalization

The psychological phenomenon where a response to a specific stimulus is elicited by similar stimuli, indicating a lack of discrimination.

Panic Attack

A sudden onset of intense fear or discomfort, marked by various physical and psychological symptoms that occur abruptly and peak within minutes.