Figure 6-14 -Refer to Figure 6-14.If the Horizontal Line on the Graph

question 164

Multiple Choice

Figure 6-14
-Refer to Figure 6-14.If the horizontal line on the graph represents a price ceiling,then the price ceiling is

• A)binding and creates a shortage of 20 units of the good.
• B)binding and creates a shortage of 40 units of the good.
• C)not binding but creates a shortage of 40 units of the good.
• D)not binding,and there will be no surplus or shortage of the good.

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Definitions:

Adjustment

The process of adapting or becoming accustomed to a new situation or environment.

Dynamic

Refers to a process or system characterized by constant change, activity, or progress.

Variable

An element, feature, or factor that is liable to vary or change between individuals or within an individual over time.

Risk Factors

Variables or conditions that increase the likelihood of developing a disease or injury.