We Need to Create Three-Digit Code Numbers That Must Begin

question 65

Multiple Choice

We need to create three-digit code numbers that must begin with a 7. How many such codes can be made?

• A) 700
• B) 107
• C) 100
• D) 27

Understand the concept of price ceilings and their effects on markets.

Recognize the inefficiencies caused by binding price ceilings and their rationing mechanisms.

Comprehend the historical context and the impact of price ceilings, using the 1973 gasoline shortage as an example.

Identify the consequences of imposing binding price ceilings in competitive markets.

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Definitions:

Spinotrapezius

A back muscle that assists in moving the scapula for the lifting of the arm.

Masseter

A facial muscle that plays a major role in the chewing of food by raising the lower jaw towards the upper jaw.

Elevate Mandible

Elevating the mandible refers to the action of lifting or closing the lower jaw, a movement primarily facilitated by the masseter and temporalis muscles.

Mylohyoid

A muscle beneath the chin that plays a role in elevating the floor of the mouth during swallowing.