Suppose the Government Has Imposed a Price Ceiling on Sliced

question 29

Multiple Choice

Suppose the government has imposed a price ceiling on sliced sandwich bread.Which of the following events could transform the price ceiling from one that is binding to one that is not binding?

• A)An increase in the price of flour,which is used to make bread.
• B)A decrease in the price of lunch meat.
• C)A decrease in the price of unsliced bread,which people consider a substitute for sliced bread.
• D)An decrease in the price of peanut butter and jelly.

---

Definitions:

Oral

Pertaining to the mouth, including the administration of medicine or other substances through the mouth.

Rectal

Pertaining to, situated at, or involving the rectum, which is the final section of the large intestine.

Celsius

A scale for measuring temperature in which water freezes at 0 degrees and boils at 100 degrees under standard conditions.

Fahrenheit

A temperature scale where water freezes at 32 degrees and boils at 212 degrees under standard atmospheric conditions.