Which of the Following Is an Accurate Statement About the Consequence

question 32

Multiple Choice

Which of the following is an accurate statement about the consequence of a binding price ceiling?

• A) Binding price ceilings do not allow consumers to pay a lower price for the product in the legal market.
• B) Binding price ceilings encourage the formation of a black market.
• C) Binding price ceilings discourage the formation of a black market.
• D) Binding price ceilings create a surplus of the product.
• E) Binding price ceilings cause consumers to purchase more of the product in the legal market.

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Definitions:

External Urethral Sphincter

A circular muscle that controls urination by constricting or relaxing to allow the flow of urine from the bladder.

Pubococcygeus

A muscle of the pelvic floor that supports the pelvic organs and is involved in urinary control and sexual function.

Occipital Bone

A bone at the lower back part of the skull, contributing to the cranial cavity's posterior wall and base.

Spinalis Cervicis

The spinalis cervicis is a muscle in the back of the neck that is part of the erector spinae muscle group, aiding in extending the cervical spine (neck).