![The imposition of a binding price ceiling on a market causes: a) Quantity demanded to be greater than quantity supplied b) Quantity demanded to be less than quantity supplied c) Quantity demanded The imposition of a binding price ceiling on a market causes: a) Quantity demanded to be greater than quantity supplied b) Quantity demanded to be less than quantity supplied c) Quantity demanded](https://homework.study.com/cimages/multimages/16/ceiling12937010509707108635.png)
The imposition of a binding price ceiling on a market causes: a) Quantity demanded to be greater than quantity supplied b) Quantity demanded to be less than quantity supplied c) Quantity demanded
![4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics 4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/d485d7d610bdd98c10822f55db59502a.jpg)
4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics
![When is a price ceiling binding? By using an appropriate diagram, explain the possible effects of a price ceiling if it is binding. | Homework.Study.com When is a price ceiling binding? By using an appropriate diagram, explain the possible effects of a price ceiling if it is binding. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/2price_ceiling6610186246946564657.png)