A Binding Price Ceiling I.causes a Surplus

question 83

Multiple Choice

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

---

Definitions:

Solidarity

The state of being in harmony or concord, particularly among people with shared interests, expressing mutual assistance amongst the community.

Obstacle

Something that blocks one's way or prevents or hinders progress towards a goal.

Knights Of Labor

One of the first major labor organizations in the United States, founded in 1869, that sought to include all working people, regardless of skill level, gender, or race.