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A Binding Price Floor Is a

Question 7

Multiple Choice

A binding price floor is a


A) minimum price,below equilibrium,below which price is not allowed to fall.
B) maximum price,above equilibrium,which price is not allowed to exceed.
C) minimum price,above equilibrium,below which price is not allowed to fall.
D) maximum price,below equilibrium,which price is not allowed to exceed.
E) any minimum price below which price is not allowed to fall.

Correct Answer:

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