If a Price Ceiling of $2 Per Gallon Is Imposed

question 39

True/False

If a price ceiling of $2 per gallon is imposed on gasoline, and the market equilibrium price is $1.50, then the price ceiling is a binding constraint on the market.

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Color Categories

A method of organizing items such as emails, calendar appointments, or tasks using different colors to aid in identification and prioritization.

Quick Tasks Pane

A part of a software interface providing easy access to commonly used tasks or functions.

Green Category

Often refers to products, practices, or policies that are environmentally friendly, aiming to minimize ecological damage or promote sustainability.

Quick Click

A feature in some software that allows users to perform actions by quickly clicking a button or link, usually to improve efficiency.