A Price Ceiling Is

question 48

Multiple Choice

A price ceiling is

• A)a minimum price set by government.It causes a surplus if effective.
• B)a maximum price set by government.It causes a shortage if effective.
• C)the equilibrium price.
• D)a maximum price set by government.It causes a surplus if effective.
• E)a minimum price set by government.It causes a shortage if effective.

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Definitions:

Cutbank

A steep cut or slope formed by lateral erosion of a stream, especially on the outside bend of a channel.

Gradient

The rate of change of a quantity (e.g., temperature, pressure, or elevation) with respect to distance in a given direction.

Headwaters

The source of a river or stream, generally found in the high elevation areas from which the river originates.

Mouth

The location where a stream, river, or canyon ends, such as where a river enters the sea.