In Order to Be Binding, a Price Ceiling

question 140

Multiple Choice

In order to be binding, a price ceiling

• A)must lie above the free market equilibrium price.
• B)must lie below the free market equilibrium price.
• C)must coincide with the free market equilibrium price.
• D)must be high enough for firms to earn a profit.

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Definitions:

Split Cells

The act of dividing a single cell into multiple cells, typically performed in tables or spreadsheet programs to better organize data.

Sort

The process of arranging data in a specific order, often alphabetically or numerically, to improve readability or analysis.

AutoFit

A feature in spreadsheet and word processing software that automatically adjusts the width or height of a cell, column, or row to accommodate its contents.

Split Table

A database design technique used to improve performance and manageability by dividing a table into smaller, more manageable pieces.