An Effective Ceiling Price Will

question 12

Multiple Choice

An effective ceiling price will:

• A) induce new firms to enter the industry.
• B) result in a product surplus.
• C) result in a product shortage.
• D) clear the market.

---

Definitions:

Salt Water

Water that contains significant amounts of dissolved salts, typically found in oceans and seas.

Freshwater Organism

A living entity that inhabits water bodies with low salt content, such as lakes, rivers, and ponds.

Semipermeable Membrane

A membrane that allows the passage of certain small molecules or ions but blocks others.

Concentration Gradient

A variation in the concentration of a substance across a distance, often leading to the diffusion of substances from an area of higher concentration to an area of lower concentration.