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Figure 6-3 -Refer to Figure 6-3. a Government-Imposed Price of $6 in Price

Question 252

Multiple Choice

Figure 6-3
Figure 6-3 -Refer to Figure 6-3. A government-imposed price of $6 in this market is an example of a A) binding price ceiling that creates a shortage. B) nonbinding price ceiling that creates a shortage C) binding price floor that creates a surplus. D) nonbinding price floor that creates a surplus.
-Refer to Figure 6-3. A government-imposed price of $6 in this market is an example of a


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

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