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Figure 6-7 -Refer to Figure 6-7. If the Government Imposes a Price

Question 260

Multiple Choice

Figure 6-7
Figure 6-7 -Refer to Figure 6-7. If the government imposes a price ceiling at $9, it would be A) binding if market demand is Demand A or Demand B. B) nonbinding if market demand is Demand A or Demand B. C) binding if market demand is Demand A and nonbinding if market demand is Demand B. D) nonbinding if market demand is Demand A and binding if market demand is Demand B.
-Refer to Figure 6-7. If the government imposes a price ceiling at $9, it would be


A) binding if market demand is Demand A or Demand B.
B) nonbinding if market demand is Demand A or Demand B.
C) binding if market demand is Demand A and nonbinding if market demand is Demand B.
D) nonbinding if market demand is Demand A and binding if market demand is Demand B.

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