Multiple Choice
Figure 6-4 
-Refer to Figure 6-4.A government-imposed price of $6 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.
Correct Answer:
Verified
Related Questions
Q86: When policymakers set prices by legal decree,they
A)are