Multiple Choice
A binding price floor causes
A) excess demand.
B) a shortage.
C) a surplus.
D) quantity demanded to exceed quantity supplied.
Correct Answer:
Verified
Related Questions
Q18: Figure 6-1 Q19: When,in a particular market,the law of demand Q20: A shortage results when Q21: Figure 6-3 Q22: A price floor is not binding if Q24: Suppose the government has imposed a price Q25: When a price floor is binding,the equilibrium Q26: A price floor is binding if it Q27: Figure 6-2 Q28: If a price ceiling is a binding Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
A)a binding price ceiling
![]()
A)the
A)is
![]()