What Could Happen to Render the Price Ceiling Set in the Graph

question 100

Multiple Choice

What could happen to render the price ceiling set in the graph shown non-binding?

• A) Demand could increase, and shift to the right.
• B) Demand could decrease, and shift to the left.
• C) Supply could decrease, and shift to the left.
• D) None of these would cause the price ceiling to be non-binding.

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