Which of the Following Is an Accurate Statement About the Consequence

question 161

Multiple Choice

Which of the following is an accurate statement about the consequence of nonbinding price ceilings?

• A) They prevent the seller from receiving the equilibrium price.
• B) They require the seller to advertise the product at the equilibrium price.
• C) They create a surplus in the legal market.
• D) They do not change the quantity of goods bought or sold in the legal market.
• E) They increase the quantity demanded of the good in question.

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Definitions:

Seconds

The basic unit of time in the International System of Units (SI), equivalent to 1/60th of a minute.

Venipuncture

The process of puncturing a vein with a needle to draw blood or administer medication.

Buffy Coat

The layer between the packed red blood cells and plasma in a centrifuged blood sample; this layer contains the white blood cells and platelets.

Centrifuged

The process of using centrifugal force to separate substances of different densities or to remove moisture.