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.

---

Definitions:

Selective Listening

The practice of focusing on certain parts of a message or conversation while ignoring others, often as a result of bias or preconception.

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints.

Training Session

A period of instruction or practice aimed at enhancing the skills, knowledge, or performance of individuals or groups.

Multiple Facilities

Organizations or establishments having several physical locations or amenities designed for specific functions or services.