Why Does a Surplus That Occurs Under a Binding Price

question 110

Multiple Choice

Why does a surplus that occurs under a binding price floor increase over time?

• A) Demand becomes more elastic.
• B) Demand becomes more inelastic.
• C) Demand and supply both become more elastic.
• D) Demand and supply both become more inelastic.
• E) Demand becomes more elastic,but supply becomes more inelastic.

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Definitions:

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, allowing for faster transmission of electrical signals along the nerve cells.

Endoneurium

The delicate connective tissue surrounding each nerve fiber within a peripheral nerve, providing mechanical and physiological support to individual axons.

Functional Unit

The smallest component of a structure or system that is capable of performing all of the system's necessary functions.

Autonomic Nuclei

Clusters of nerve cell bodies in the central nervous system that regulate the autonomic nervous system, controlling involuntary functions.