To Say That a Price Ceiling Is Nonbinding Is to Say

question 49

Multiple Choice

To say that a price ceiling is nonbinding is to say that the price ceiling

• A)results in a surplus.
• B)is set above the equilibrium price.
• C)causes quantity demanded to exceed quantity supplied.
• D)All of the above are correct.

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Definitions:

NFC

Near Field Communication, a set of communication protocols enabling two electronic devices to establish communication by bringing them within a few centimeters of each other.

Captioning Software

Software used to add subtitles or captions to video content, catering to hearing-impaired viewers or language learners.

Americans with Disabilities Act (ADA)

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

Braille Printer

A device that translates text into Braille characters, allowing visually impaired users to read printed materials through tactile feedback.