If a Price Ceiling Is a Binding Constraint on a Market,then

question 61

Multiple Choice

If a price ceiling is a binding constraint on a market,then

• A)the equilibrium price must be below the price ceiling.
• B)the quantity supplied must exceed the quantity demanded.
• C)sellers cannot sell all they want to sell at the price ceiling.
• D)buyers cannot buy all they want to buy at the price ceiling.

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Definitions:

High Fever

An unusually elevated body temperature, often indicating an underlying medical condition or infection.

Sterile Irrigation

The process of cleaning or washing out a wound or body cavity with a fluid, specifically one that has been sterilized to avoid infection.

Safety Precaution

Measures taken in advance to prevent accidents or harm in potentially dangerous situations.

Upper Respiratory Infection

An infection affecting the upper part of the respiratory system, including the nose, throat, and bronchi, commonly known as the common cold.