Which of the following causes a surplus of a good?
A) A binding price floor.
B) A binding price ceiling.
C) A tax on the good.
D) More than one of the above is correct.
Correct Answer:
Verified
Q4: If the government imposes a binding price
Q16: A price floor
A) always determines the price
Q21: The tax per unit on a good
Q24: When a tax is collected from the
Q28: The surplus caused by a binding price
Q31: Taxes levied directly on consumers
A) always hurt
Q39: Which side of the market is more
Q40: Within the supply and demand model, a
Q41: The government is thinking about increasing the
Q51: Which of the following statements about the
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