If Quantity Supplied Equals 85 Units and Quantity Demanded Equals

question 48

Multiple Choice

If quantity supplied equals 85 units and quantity demanded equals 80 units under a price control, then it is a:

• A) binding price ceiling.
• B) binding price floor.
• C) nonbinding price ceiling.
• D) nonbinding price floor.

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Definitions:

Civil Rights Act Of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

Antimiscegenation Laws

Historical laws that prohibited marriage or cohabitation between persons of different races, often aimed at maintaining racial purity.

Montgomery Bus Boycott

A significant event in the American civil rights movement where African Americans in Montgomery, Alabama, boycotted the city's bus system to protest segregated seating.