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a price ceiling is a binding constraint on the market, __________. A. sellers cannot sell all they want to sell at the price ceiling B. the equilibrium price must be below the price ceiling C. there is excess supply D. buyers cannot buy all they want to buy at the price ceiling
Question|Asked by TawannG
Asked 5/12/2014 10:50:50 PM
Updated 10/16/2015 2:41:05 PM
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User: a price ceiling is a binding constraint on the market, __________. A. sellers cannot sell all they want to sell at the price ceiling B. the equilibrium price must be below the price ceiling C. there is excess supply D. buyers cannot buy all they want to buy at the price ceiling

Weegy: B. the equilibrium price must be below the price ceiling
bettyfit83|Points 60|

Question|Asked by TawannG
Asked 5/12/2014 10:50:50 PM
Updated 10/16/2015 2:41:05 PM
1 Answer/Comment
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If a price ceiling is a binding constraint on the market buyers cannot buy all they want to buy at the price ceiling.
Added 10/16/2015 2:41:05 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/16/2015 3:01:42 PM]
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Questions asked by TawannG
What you give up to obtain an item is called your __________. A. true cost B. opportunity cost C. explicit cost D. direct cost
Question|Asked by TawannG
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Updated 5/12/2014 11:26:58 PM
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What you give up to obtain an item is called your opportunity cost.
Added 5/12/2014 11:26:58 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [5/12/2014 11:33:10 PM]
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