After a Price Ceiling of $8 Is Placed on the Market

question 125

Multiple Choice

After a price ceiling of $8 is placed on the market in the graph shown, the total number of units traded:

• A) falls by 8 relative to equilibrium.
• B) falls by 15 relative to equilibrium.
• C) falls by 23 relative to equilibrium.
• D) increases by 15 relative to equilibrium.

---

Definitions:

Stable Close Relationships

Enduring bonds characterized by trust, affection, and support between individuals.

Reproduce

The biological process by which new individual organisms are produced from their parents.

Belongingness Motivation

The fundamental human need and desire to form and maintain strong, stable interpersonal relationships.

Socially Connected

The feeling or state of being close and interconnected with others, often contributing to a sense of belonging.