A Non-Binding Price Ceiling I.causes a Surplus

question 123

Multiple Choice

A non-binding price ceiling I.causes a surplus.
II) causes a shortagE.iiI.is set at a price above the equilibrium pricE.iv.
Is set at a price below the equilibrium pricE.​

• A)​(i) only
• B)​(iii) only
• C)​(i) and (iii) only
• D)​(ii) and (iv) only

---

Definitions:

Dividends Accounts

Dividends Accounts represent the financial accounts used by a company to record the dividends paid out to shareholders, reflecting the distribution of earnings.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of money, goods, or services.

Debit

A bookkeeping entry that triggers an increment in assets or a decrement in liabilities on a corporation's financial statement.

Accounts Receivable

Funds that are due to a company from its customers for goods or services delivered on credit.