New RBI Grade B 2025 Notification will come Soon! Enroll Here

Question

If a price ceiling is not binding then

A The equilibrium price is above the price ceiling

B The equilibrium price is below the price ceiling

C It has no legal enforcement mechanism

D None of the answers is correct because all price ceiling must be binding

Practice Next

More International Trade Questions

Which of the following is an example of a systemic herbicide?
Which of the following arrangement of the crops is correct in respect of their water requirement (WR).
The elasticity of demand measures the responsiveness of the quantity demanded of goods to a
____ is defined as the average growth per year a tree or stand of trees has exhibited/experienced up to a specified age.
Actual evapotranspiration equals maximum evaporation (ETO) when

A. Soil mixture not constraint

B. Other factors not constraint
<...
Given below are two statements:

Statement I

If the ozone concentration decreases in the atmosphere, more UV radiation will reach the ea...
What is the objective of puddling in rice?
Endosperm like tissue (2n) in seed developing from nucellus is:
To supplement the financial needs of farmers in procuring various inputs to ensure proper crop health and appropriate yields, PM Kisan scheme was launch...
Increase in demand is not the result of

-->