Which of the Following Changes to the Market in the Graph

question 103

Multiple Choice

Which of the following changes to the market in the graph shown could cause the price ceiling to become non-binding?

• A) Demand could increase, and shift to the right.
• B) Supply could increase, and shift to the left.
• C) Supply could increase, and shift to the right.
• D) Supply could decrease, and shift to the left.

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Definitions:

Fast-approaching-deadline Technique

A time management strategy emphasizing the urgency and priority of tasks as deadlines approach, aiming to enhance productivity.

Scarcity

A situation in which unlimited wants exceed the limited resources available to fulfill those wants, often heightening the item's value.

Pique Technique

A persuasion strategy that aims to capture people's interest by making an unusual request or framing a proposition in an intriguing way.

Disrupting Attention

The act of diverting or derailing one's focus or concentration from their current point of interest.