An Example Of A Non-binding Price Ceiling In The Supply And Demand Diagram Looks As Follows: (ordinary Binding Price Ceilings #15)
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Meaning of An Example Of A Non-binding Price Ceiling In The Supply And Demand Diagram Looks As Follows:
Anan1 (ən; when stressed an),USA pronunciation indefinite article.
- the form of a before an initial vowel sound (an arch;
an honor) and sometimes, esp. in British English, before an initial unstressed syllable beginning with a silent or weakly pronounced h: an historian.
Ofof1 (uv, ov; unstressed əv or, esp. before consonants, ə),USA pronunciation prep.
- (used to indicate distance or direction from, separation, deprivation, etc.): within a mile of the church; south of Omaha; to be robbed of one's money.
- (used to indicate derivation, origin, or source): a man of good family; the plays of Shakespeare; a piece of cake.
- (used to indicate cause, motive, occasion, or reason): to die of hunger.
- (used to indicate material, component parts, substance, or contents): a dress of silk; a book of poems; a package of cheese.
- (used to indicate apposition or identity): Is that idiot of a salesman calling again?
- (used to indicate specific identity or a particular item within a category): the city of Chicago; thoughts of love.
- (used to indicate possession, connection, or association): the king of France; the property of the church.
- (used to indicate inclusion in a number, class, or whole): one of us.
- (used to indicate the objective relation, the object of the action noted by the preceding noun or the application of a verb or adjective): the ringing of bells; He writes her of home; I'm tired of working.
- (used to indicate reference or respect): There is talk of peace.
- (used to indicate qualities or attributes): an ambassador of remarkable tact.
- (used to indicate a specified time): They arrived of an evening.
- [Chiefly Northern U.S.]before the hour of;
until: twenty minutes of five.
- on the part of: It was very mean of you to laugh at me.
- in respect to: fleet of foot.
- set aside for or devoted to: a minute of prayer.
- [Archaic.]by: consumed of worms.
Priceprice (prīs),USA pronunciation n., v., priced, pric•ing.
- the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.
- a sum offered for the capture of a person alive or dead: The authorities put a price on his head.
- the sum of money, or other consideration, for which a person's support, consent, etc., may be obtained, esp. in cases involving sacrifice of integrity: They claimed that every politician has a price.
- that which must be given, done, or undergone in order to obtain a thing: He gained the victory, but at a heavy price.
- odds (def. 2).
- [Archaic.]value or worth.
- [Archaic.]great value or worth (usually prec. by of ).
- at any price, at any cost, no matter how great: Their orders were to capture the town at any price.
- beyond or without price, of incalculable value;
priceless: The crown jewels are beyond price.
- to fix the price of.
- to ask or determine the price of: We spent the day pricing furniture at various stores.
Ceilingceil•ing (sē′ling),USA pronunciation n.
- the overhead interior surface of a room.
- the top limit imposed by law on the amount of money that can be charged or spent or the quantity of goods that can be produced or sold.
- the maximum altitude from which the earth can be seen on a particular day, usually equal to the distance between the earth and the base of the lowest cloud bank.
- Also called absolute ceiling. the maximum altitude at which a particular aircraft can operate under specified conditions.
- the height above ground level of the lowest layer of clouds that cover more than half of the sky.
- a lining applied for structural reasons to a framework, esp. in the interior surfaces of a ship or boat.
- Also called ceil′ing piece′. [Theat.]the ceiling or top of an interior set, made of cloth, a flat, or two or more flats hinged together.
- the act or work of a person who makes or finishes a ceiling.
- vaulting, as in a medieval church.
- hit the ceiling, [Informal.]to become enraged: When he saw the amount of the bill, he hit the ceiling.
Inin (in),USA pronunciation prep., adv., adj., n., v., inned, in•ning.
- (used to indicate inclusion within space, a place, or limits): walking in the park.
- (used to indicate inclusion within something abstract or immaterial): in politics; in the autumn.
- (used to indicate inclusion within or occurrence during a period or limit of time): in ancient times; a task done in ten minutes.
- (used to indicate limitation or qualification, as of situation, condition, relation, manner, action, etc.): to speak in a whisper; to be similar in appearance.
- (used to indicate means): sketched in ink; spoken in French.
- (used to indicate motion or direction from outside to a point within) into: Let's go in the house.
- (used to indicate transition from one state to another): to break in half.
- (used to indicate object or purpose): speaking in honor of the event.
- in that, because;
inasmuch as: In that you won't have time for supper, let me give you something now.
- in or into some place, position, state, relation, etc.: Please come in.
- on the inside;
- in one's house or office.
- in office or power.
- in possession or occupancy.
- having the turn to play, as in a game.
- [Baseball.](of an infielder or outfielder) in a position closer to home plate than usual;
short: The third baseman played in, expecting a bunt.
- on good terms;
in favor: He's in with his boss, but he doubts it will last.
- in vogue;
in style: He says straw hats will be in this year.
- in season: Watermelons will soon be in.
- be in for, to be bound to undergo something, esp. a disagreeable experience: We are in for a long speech.
- in for it, [Slang.]about to suffer chastisement or unpleasant consequences, esp. of one's own actions or omissions: I forgot our anniversary again, and I'll be in for it now.Also,[Brit.,] for it.
- in with, on friendly terms with;
familiar or associating with: They are in with all the important people.
- located or situated within;
internal: the in part of a mechanism.
- in favor with advanced or sophisticated people;
stylish: the in place to dine; Her new novel is the in book to read this summer.
- comprehensible only to a special or ultrasophisticated group: an in joke.
included in a favored group.
inbound: an in train.
- being in power, authority, control, etc.: a member of the in party.
- playing the last nine holes of an eighteen-hole golf course (opposed to out): His in score on the second round was 34.
- Usually, ins. persons in office or political power (distinguished from outs).
- a member of the political party in power: The election made him an in.
- pull or influence;
a social advantage or connection: He's got an in with the senator.
- (in tennis, squash, handball, etc.) a return or service that lands within the in-bounds limits of a court or section of a court (opposed to out).
v.t. Brit. [Dial.]
- to enclose.
Thethe1 (stressed ᵺē; unstressed before a consonant ᵺə;
unstressed before a vowel ᵺē),USA pronunciation definite article.
- (used, esp. before a noun, with a specifying or particularizing effect, as opposed to the indefinite or generalizing force of the indefinite article a or an): the book you gave me; Come into the house.
- (used to mark a proper noun, natural phenomenon, ship, building, time, point of the compass, branch of endeavor, or field of study as something well-known or unique):the sun;
the past; the West.
- (used with or as part of a title): the Duke of Wellington; the Reverend John Smith.
- (used to mark a noun as indicating the best-known, most approved, most important, most satisfying, etc.): the skiing center of the U.S.; If you're going to work hard, now is the time.
- (used to mark a noun as being used generically): The dog is a quadruped.
- (used in place of a possessive pronoun, to note a part of the body or a personal belonging): He won't be able to play football until the leg mends.
- (used before adjectives that are used substantively, to note an individual, a class or number of individuals, or an abstract idea): to visit the sick; from the sublime to the ridiculous.
- (used before a modifying adjective to specify or limit its modifying effect): He took the wrong road and drove miles out of his way.
- (used to indicate one particular decade of a lifetime or of a century): the sixties; the gay nineties.
- (one of many of a class or type, as of a manufactured item, as opposed to an individual one): Did you listen to the radio last night?
- enough: He saved until he had the money for a new car. She didn't have the courage to leave.
- (used distributively, to note any one separately) for, to, or in each;
a or an: at one dollar the pound.
Supplysup•ply1 (sə plī′),USA pronunciation v., -plied, -ply•ing, n., pl. -plies.
- to furnish or provide (a person, establishment, place, etc.) with what is lacking or requisite: to supply someone clothing; to supply a community with electricity.
- to furnish or provide (something wanting or requisite): to supply electricity to a community.
- to make up, compensate for, or satisfy (a deficiency, loss, need, etc.): The TVA supplied the need for cheap electricity.
- to fill or occupy as a substitute, as a vacancy, a pulpit, etc.: During the summer local clergymen will supply the pulpit.
- to fill the place of another, esp. the pulpit of a church, temporarily or as a substitute: Who will supply until the new minister arrives?
- the act of supplying, furnishing, providing, satisfying, etc.: to begin the supply of household help.
- something that is supplied: The storm cut off our water supply.
- a quantity of something on hand or available, as for use;
a stock or store: Did you see our new supply of shirts?
- Usually, supplies. a provision, stock, or store of food or other things necessary for maintenance: to lay in supplies for the winter.
- [Econ.]the quantity of a commodity that is in the market and available for purchase or that is available for purchase at a particular price.
- all items necessary for the equipment, maintenance, and operation of a military command, including food, clothing, arms, ammunition, fuel, materials, and machinery.
- procurement, distribution, maintenance, and salvage of supplies.
- a person who fills a vacancy or takes the place of another, esp. temporarily.
- supplies. [Obs.]reinforcements.
Andand (and; unstressed ənd, ən, or, esp. after a homorganic consonant, n),USA pronunciation conj.
- (used to connect grammatically coordinate words, phrases, or clauses) along or together with;
as well as;
in addition to;
moreover: pens and pencils.
- added to;
plus: 2 and 2 are 4.
- then: He read for an hour and went to bed.
- also, at the same time: to sleep and dream.
- then again;
repeatedly: He coughed and coughed.
- (used to imply different qualities in things having the same name): There are bargains and bargains, so watch out.
- (used to introduce a sentence, implying continuation) also;
then: And then it happened.
- [Informal.]to (used between two finite verbs): Try and do it. Call and see if she's home yet.
- (used to introduce a consequence or conditional result): He felt sick and decided to lie down for a while. Say one more word about it and I'll scream.
on the contrary: He tried to run five miles and couldn't. They said they were about to leave and then stayed for two more hours.
- (used to connect alternatives): He felt that he was being forced to choose between his career and his family.
- (used to introduce a comment on the preceding clause): They don't like each other--and with good reason.
- [Archaic.]if: and you please.Cf. an2.
- and so forth, and the like;
et cetera: We discussed traveling, sightseeing, and so forth.
- and so on, and more things or others of a similar kind;
and the like: It was a summer filled with parties, picnics, and so on.
- an added condition, stipulation, detail, or particular: He accepted the job, no ands or buts about it.
- conjunction (def. 5b).
Diagramdi•a•gram (dī′ə gram′),USA pronunciation n., v., -gramed or -grammed, -gram•ing or -gram•ming.
- a figure, usually consisting of a line drawing, made to accompany and illustrate a geometrical theorem, mathematical demonstration, etc.
- a drawing or plan that outlines and explains the parts, operation, etc., of something: a diagram of an engine.
- a chart, plan, or scheme.
- to represent by a diagram;
make a diagram of.
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