If a Price Ceiling Is a Binding Constraint on a Market,then

question 61

Multiple Choice

If a price ceiling is a binding constraint on a market,then

• A)the equilibrium price must be below the price ceiling.
• B)the quantity supplied must exceed the quantity demanded.
• C)sellers cannot sell all they want to sell at the price ceiling.
• D)buyers cannot buy all they want to buy at the price ceiling.

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Definitions:

Looking Times

A measure in developmental and cognitive psychology research that indicates how long a person (often an infant) looks at a stimulus, used to infer cognitive processing and understanding.

Clinical Method

An approach in psychology and medicine focusing on the observation and treatment of patients in a clinical setting, often incorporating case studies and personal histories.

Piaget's Work

The contributions of Swiss developmental psychologist Jean Piaget, who theorized that children progress through a series of stages of cognitive development.

Syntactically Correct Sentences

Phrases or sentences that follow the rules of grammar and structure in a given language.