If the Price Ceiling Is Set Above the Equilibrium Price

question 35

Multiple Choice

If the price ceiling is set above the equilibrium price,

• A) quantity demanded will equal quantity supplied.
• B) there will be a surplus.
• C) there will be a shortage.
• D) demand will be less than supply.

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Definitions:

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) stages.

Alertness

The state of being quick to notice and respond to potential dangers or opportunities.

School Start Time

The designated time at which school classes begin for the day, which can significantly impact students' sleep, health, and learning.

Risky Activity

Engagements or behaviors that involve a significant likelihood of suffering harm or loss.