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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Definitions:

Restricting Food

A behavior often associated with eating disorders, characterized by limiting the amount and type of food consumed in an effort to control weight.

Disturbed Body Image

Describes an unrealistic view of one’s body size, shape, or appearance, often a symptom in eating disorders and mental health conditions.

Calorie Intake

The amount of energy derived from foods consumed, measured in calories.