If a Price Ceiling Is Set Above the Equilibrium Price,then

question 141

Multiple Choice

If a price ceiling is set above the equilibrium price,then

• A) there will be a surplus of the good.
• B) there will be a shortage of the good.
• C) there will be neither a shortage nor a surplus of the good.
• D) the price ceiling will generate revenue for the government.
• E) the price ceiling affects suppliers but not demanders.

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Definitions:

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The practice of making sentences briefer while retaining their original meaning.

Dependent Clause

A part of a sentence that cannot stand alone because it does not express a complete thought.

Sentence Length

The measurement of a sentence determined by the number of words it contains, influencing the readability and tone of a text.

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