An Example Of A Non-binding Price Ceiling In The Supply And Demand Diagram Looks As Follows: ( Graph Of Price Ceiling #3)

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An Example Of A Non-binding Price Ceiling In The Supply And Demand Diagram Looks As Follows: ( Graph Of Price Ceiling #3)

An Example Of A Non-binding Price Ceiling In The Supply And Demand Diagram Looks As Follows: ( Graph Of Price Ceiling #3) Photos Album

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An

an1  (ən; when stressed an),USA pronunciation indefinite article.
  1. 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.

Of

of1  (uv, ov; unstressed əv or, esp. before consonants, ə),USA pronunciation prep. 
  1. (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.
  2. (used to indicate derivation, origin, or source): a man of good family; the plays of Shakespeare; a piece of cake.
  3. (used to indicate cause, motive, occasion, or reason): to die of hunger.
  4. (used to indicate material, component parts, substance, or contents): a dress of silk; a book of poems; a package of cheese.
  5. (used to indicate apposition or identity): Is that idiot of a salesman calling again?
  6. (used to indicate specific identity or a particular item within a category): the city of Chicago; thoughts of love.
  7. (used to indicate possession, connection, or association): the king of France; the property of the church.
  8. (used to indicate inclusion in a number, class, or whole): one of us.
  9. (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.
  10. (used to indicate reference or respect): There is talk of peace.
  11. (used to indicate qualities or attributes): an ambassador of remarkable tact.
  12. (used to indicate a specified time): They arrived of an evening.
  13. [Chiefly Northern U.S.]before the hour of;
    until: twenty minutes of five.
  14. on the part of: It was very mean of you to laugh at me.
  15. in respect to: fleet of foot.
  16. set aside for or devoted to: a minute of prayer.
  17. [Archaic.]by: consumed of worms.

Price

price (prīs),USA pronunciation n., v.,  priced, pric•ing. 
n. 
  1. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.
  2. a sum offered for the capture of a person alive or dead: The authorities put a price on his head.
  3. 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.
  4. that which must be given, done, or undergone in order to obtain a thing: He gained the victory, but at a heavy price.
  5. odds (def. 2).
  6. [Archaic.]value or worth.
  7. [Archaic.]great value or worth (usually prec. by of ).
  8. at any price, at any cost, no matter how great: Their orders were to capture the town at any price.
  9. beyond or  without price, of incalculable value;
    priceless: The crown jewels are beyond price.

v.t. 
  1. to fix the price of.
  2. to ask or determine the price of: We spent the day pricing furniture at various stores.
pricea•ble, adj. 

Ceiling

ceil•ing (sēling),USA pronunciation n. 
  1. the overhead interior surface of a room.
  2. 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.
  3. the height above ground level of the lowest layer of clouds that cover more than half of the sky.
  4. a lining applied for structural reasons to a framework, esp. in the interior surfaces of a ship or boat.
  5. Also called  ceiling piece′. [Theat.]the ceiling or top of an interior set, made of cloth, a flat, or two or more flats hinged together.
  6. the act or work of a person who makes or finishes a ceiling.
  7. vaulting, as in a medieval church.
  8. hit the ceiling, [Informal.]to become enraged: When he saw the amount of the bill, he hit the ceiling.
ceilinged, adj. 

In

in (in),USA pronunciation prep., adv., adj., n., v.,  inned, in•ning. 
prep. 
  1. (used to indicate inclusion within space, a place, or limits): walking in the park.
  2. (used to indicate inclusion within something abstract or immaterial): in politics; in the autumn.
  3. (used to indicate inclusion within or occurrence during a period or limit of time): in ancient times; a task done in ten minutes.
  4. (used to indicate limitation or qualification, as of situation, condition, relation, manner, action, etc.): to speak in a whisper; to be similar in appearance.
  5. (used to indicate means): sketched in ink; spoken in French.
  6. (used to indicate motion or direction from outside to a point within) into: Let's go in the house.
  7. (used to indicate transition from one state to another): to break in half.
  8. (used to indicate object or purpose): speaking in honor of the event.
  9. in that, because;
    inasmuch as: In that you won't have time for supper, let me give you something now.

adv. 
  1. in or into some place, position, state, relation, etc.: Please come in.
  2. on the inside;
    within.
  3. in one's house or office.
  4. in office or power.
  5. in possession or occupancy.
  6. having the turn to play, as in a game.
  7. [Baseball.](of an infielder or outfielder) in a position closer to home plate than usual;
    short: The third baseman played in, expecting a bunt.
  8. on good terms;
    in favor: He's in with his boss, but he doubts it will last.
  9. in vogue;
    in style: He says straw hats will be in this year.
  10. in season: Watermelons will soon be in.
  11. be in for, to be bound to undergo something, esp. a disagreeable experience: We are in for a long speech.
  12. 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. 
  13. in with, on friendly terms with;
    familiar or associating with: They are in with all the important people.

adj. 
  1. located or situated within;
    inner;
    internal: the in part of a mechanism.
  2. [Informal.]
    • in favor with advanced or sophisticated people;
      fashionable;
      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.
  3. well-liked;
    included in a favored group.
  4. inward;
    incoming;
    inbound: an in train.
  5. plentiful;
    available.
  6. being in power, authority, control, etc.: a member of the in party.
  7. playing the last nine holes of an eighteen-hole golf course (opposed to out): His in score on the second round was 34.

n. 
  1. Usually,  ins. persons in office or political power (distinguished from outs).
  2. a member of the political party in power: The election made him an in.
  3. pull or influence;
    a social advantage or connection: He's got an in with the senator.
  4. (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.]
  1. to enclose.

The

the1  (stressed ᵺē; unstressed before a consonant ᵺə;
unstressed before a vowel ᵺē),USA pronunciation
 definite article. 
  1. (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.
  2. (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 Alps;
    theQueen Elizabeth;
    the past; the West.
  3. (used with or as part of a title): the Duke of Wellington; the Reverend John Smith.
  4. (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.
  5. (used to mark a noun as being used generically): The dog is a quadruped.
  6. (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.
  7. (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.
  8. (used before a modifying adjective to specify or limit its modifying effect): He took the wrong road and drove miles out of his way.
  9. (used to indicate one particular decade of a lifetime or of a century): the sixties; the gay nineties.
  10. (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?
  11. enough: He saved until he had the money for a new car. She didn't have the courage to leave.
  12. (used distributively, to note any one separately) for, to, or in each;
    a or an: at one dollar the pound.

Supply

sup•ply1  (sə plī),USA pronunciation v.,  -plied, -ply•ing, n., pl.  -plies. 
v.t. 
  1. 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.
  2. to furnish or provide (something wanting or requisite): to supply electricity to a community.
  3. to make up, compensate for, or satisfy (a deficiency, loss, need, etc.): The TVA supplied the need for cheap electricity.
  4. to fill or occupy as a substitute, as a vacancy, a pulpit, etc.: During the summer local clergymen will supply the pulpit.

v.i. 
  1. 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?

n. 
  1. the act of supplying, furnishing, providing, satisfying, etc.: to begin the supply of household help.
  2. something that is supplied: The storm cut off our water supply.
  3. a quantity of something on hand or available, as for use;
    a stock or store: Did you see our new supply of shirts?
  4. Usually,  supplies. a provision, stock, or store of food or other things necessary for maintenance: to lay in supplies for the winter.
  5. [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.
  6. supplies: 
    • 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.
  7. a person who fills a vacancy or takes the place of another, esp. temporarily.
  8. supplies. [Obs.]reinforcements.
  9. [Obs.]aid.
sup•plier, n. 

And

and (and; unstressed ənd, ən, or, esp. after a homorganic consonant, n),USA pronunciation  conj. 
  1. (used to connect grammatically coordinate words, phrases, or clauses) along or together with;
    as well as;
    in addition to;
    besides;
    also;
    moreover: pens and pencils.
  2. added to;
    plus: 2 and 2 are 4.
  3. then: He read for an hour and went to bed.
  4. also, at the same time: to sleep and dream.
  5. then again;
    repeatedly: He coughed and coughed.
  6. (used to imply different qualities in things having the same name): There are bargains and bargains, so watch out.
  7. (used to introduce a sentence, implying continuation) also;
    then: And then it happened.
  8. [Informal.]to (used between two finite verbs): Try and do it. Call and see if she's home yet.
  9. (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.
  10. but;
    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.
  11. (used to connect alternatives): He felt that he was being forced to choose between his career and his family.
  12. (used to introduce a comment on the preceding clause): They don't like each other--and with good reason.
  13. [Archaic.]if: and you please.Cf. an2.
  14. and so forth, and the like;
    and others;
    et cetera: We discussed traveling, sightseeing, and so forth.
  15. 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.

n. 
  1. an added condition, stipulation, detail, or particular: He accepted the job, no ands or buts about it.
  2. conjunction (def. 5b).

Diagram

di•a•gram (dīə gram′),USA pronunciation n., v.,  -gramed  or -grammed, -gram•ing  or -gram•ming. 
n. 
  1. a figure, usually consisting of a line drawing, made to accompany and illustrate a geometrical theorem, mathematical demonstration, etc.
  2. a drawing or plan that outlines and explains the parts, operation, etc., of something: a diagram of an engine.
  3. a chart, plan, or scheme.

v.t. 
  1. to represent by a diagram;
    make a diagram of.
dia•gram′ma•ble, adj. 

As

as1  (az; unstressed əz),USA pronunciation adv. 
  1. to the same degree, amount, or extent;
    similarly;
    equally: I don't think it's as hot and humid today as it was yesterday.
  2. for example;
    for instance: Some flowers, as the rose, require special care.
  3. thought to be or considered to be: the square as distinct from the rectangle; the church as separate from the state.
  4. in the manner (directed, agreed, promised, etc.): She sang as promised. He left as agreed.
  5. as well. See  well 1 (def. 11).
  6. as well as. See  well 1 (def. 12).

conj. 
  1. (used correlatively after an adjective or adverb prec. by an adverbial phrase, the adverbial as, or another adverb) to such a degree or extent that: It came out the same way as it did before. You are as good as you think you are.
  2. (without antecedent) in the degree, manner, etc., of or that: She's good as gold. Do as we do.
  3. at the same time that;
    while;
    when: as you look away.
  4. since;
    because: As you are leaving last, please turn out the lights.
  5. though: Questionable as it may be, we will proceed.
  6. with the result or purpose: He said it in a voice so loud as to make everyone stare.
  7. [Informal.](in dependent clauses) that: I don't know as I do.
  8. [Midland and Southern U.S. and Brit. Dial.]than.
  9. as … as, (used to express similarity or equality in a specified characteristic, condition, etc., as between one person or thing and another): as rich as Croesus.
  10. as far as, to the degree or extent that: It is an excellent piece of work, as far as I can tell.
  11. as for or  to, with respect to;
    in reference to: As for staying away, I wouldn't think of it.
  12. as good as: 
    • equivalent to;
      in effect;
      practically: as good as new.
    • true to;
      trustworthy as: as good as his word.
  13. as how, [Chiefly Midland and Southern U.S.]that;
    if;
    whether: He allowed as how it was none of my business. I don't know as how I ought to interfere.
  14. as if or  though, as it would be if: It was as if the world had come to an end.
  15. as is, in whatever condition something happens to be, esp. referring to something offered for sale in a flawed, damaged, or used condition: We bought the table as is.
  16. as it were, in a way;
    so to speak: He became, as it were, a man without a country.
  17. as long as. See  long1 (def. 39).
  18. as of, beginning on;
    on and after;
    from: This price is effective as of June 23.
  19. as regards, with regard or reference to;
    concerning: As regards the expense involved, it is of no concern to him.
  20. as such: 
    • as being what is indicated;
      in that capacity: An officer of the law, as such, is entitled to respect.
    • in itself or in themselves: The position, as such, does not appeal to him, but the salary is a lure.
  21. as yet, up to the present time;
    until now: As yet, no one has thought of a solution.

pron. 
  1. (used relatively) that;
    who;
    which (usually prec. by such or the same): I have the same trouble as you had.
  2. a fact that: She did her job well, as can be proved by the records.
  3. [New England, Midland, and Southern U.S.]who;
    whom;
    which;
    that: Them as has gets.

prep. 
  1. in the role, function, or status of: to act as leader.

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