A Price Ceiling Will Have NO Immediate Effect If

question 134

Multiple Choice

A price ceiling will have NO immediate effect if:

• A)it is set above the equilibrium price.
• B)the equilibrium price is above the price ceiling.
• C)it is set below the equilibrium price.
• D)it creates a shortage.

---

Definitions:

Potty Training

The process of teaching a young child to use the toilet for urination and defecation.

Eating Utensils

Tools designed for use during the process of eating, such as forks, knives, spoons, and chopsticks.

Pediatric Clinical Rotation

A period of medical training focused on the care of infants, children, and adolescents, undertaken by medical students or residents.

Child Abuse

Any action or failure to act by a caregiver or another person that results in harm, potential for harm, or threat of harm to a child.