Which of the Following Causes a Surplus of a Good

question 139

Multiple Choice

Which of the following causes a surplus of a good?

• A)a binding price floor
• B)a binding price ceiling
• C)a tax on the good
• D)More than one of the above is correct.

---

Definitions:

£ Sterling

The £ Sterling, or Pound Sterling, is the currency of the United Kingdom, symbolized by £, and one of the oldest currencies in continuous use.

Sixteenth Century

Refers to the period from 1501 to 1600, marking significant global exploration and cultural exchanges between Europe and other parts of the world.

European Countries

Nations located on the continent of Europe, each with its distinct geography, culture, and government.

European Slave Traders

Individuals or entities from Europe who engaged in the capture, transportation, and sale of African people into slavery from the 16th to 19th centuries.