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Figure 6-4 -Refer to Figure 6-4.A Government-Imposed Price of $12 in This

Question 93

Multiple Choice

Figure 6-4 Figure 6-4 -Refer to Figure 6-4.A government-imposed price of $12 in this market is an example of a A) binding price ceiling that creates a shortage. B) non-binding price ceiling that creates a shortage. C) binding price floor that creates a surplus. D) non-binding price floor that creates a surplus.
-Refer to Figure 6-4.A government-imposed price of $12 in this market is an example of a


A) binding price ceiling that creates a shortage.
B) non-binding price ceiling that creates a shortage.
C) binding price floor that creates a surplus.
D) non-binding price floor that creates a surplus.

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