To say that a price ceiling is nonbinding is to say that the ...

[Zulu123]

To say that a price ceiling is nonbinding is to say that the price ceiling
 a. results in a surplus.
 b. is set above the equilibrium price.
 c. causes quantity demanded to exceed quantity supplied.
  d. All of the above are correct.

Question 2

A gold standard is:
 a. a measurement of the importance of a good; it indicates high quality.
 b. the basis for monetary exchange internationally.
 c. an internationally recognized means for defining currency exchange rates.
 d. a system where currency (e.g., the dollar) was defined as equivalent in value to a certain amount of gold.

[sokh]

Answer to Question 1

b

Answer to Question 2

d

[Zulu123]

Thanks for the timely response, appreciate it

[ryansturges]

Excellent