If the Government Imposes a Maximum Price That Is Above

question 225

Multiple Choice

If the government imposes a maximum price that is above the equilibrium price,

• A)quantity demanded will be less than quantity supplied.
• B)demand will be greater than supply.
• C)this maximum price will have no economic impact.
• D)the available supply will have to be rationed with a non-price rationing mechanism.

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Definitions:

Metabolic Demands

The amount of energy (calories) the body requires to carry out physical and physiological processes.

Nutrients

Substances obtained from food that are essential for the maintenance of health and for growth and development.

Waist-To-Hip Ratios

A measurement used to assess the distribution of body fat, calculated by dividing the circumference of the waist by the circumference of the hips.

Obesity-Related

Pertains to conditions or health concerns associated with or caused by excessive body weight.