If the Government Implements a Price Ceiling on Insulin,this Will

question 43

Multiple Choice

If the government implements a price ceiling on insulin,this will

• A)increase the price consumers will pay for insulin.
• B)decrease the quantity of insulin the manufacturers will be willing to supply.
• C)have to be set above the market equilibrium price to be effective.
• D)encourage manufacturers to produce and sell more of insulin to increase their profits.

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Definitions:

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord, leading to muscle weakness and atrophy.

Nerve Cells

Specialized cells that transmit nerve impulses; the basic building blocks of the nervous system, also known as neurons.

Tay-Sachs Disease

A rare, inherited disorder that destroys nerve cells in the brain and spinal cord, progressively impairing motor and cognitive function.

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A diagnostic test examining the fluid surrounding the brain and spinal cord to detect disorders of the central nervous system.