If a Binding Price Ceiling Is in Place and If

question 58

Multiple Choice

If a binding price ceiling is in place and if the demand curve for the product shifts rightward,one consequence would be

• A)the quantity exchanged would increase.
• B)the quantity exchanged would remain constant.
• C)the quantity exchanged would decrease.
• D)an increase in the amount of excess supply.
• E)a decrease in the amount of excess demand.

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Definitions:

Personnel

Employees or staff members of an organization, often referred to in the context of human resource management.

Supply Forecasting

The process of determining the source or sources of human capital to satisfy the organization's demand.

Human Capital

The collective skills, knowledge, and abilities of an organization's workforce that contribute to its economic value.

Designated Groups

Specific groups identified in employment equity or affirmative action plans that are recognized for special measures or considerations due to past discrimination.