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Where Does a Binding Price Floor in a Market Set

Question 43

Multiple Choice
Where does a binding price floor in a market set price,and with what effect

Where does a binding price floor in a market set price,and with what effect


A) above equilibrium price, causing a shortage
B) above equilibrium price, causing a surplus
C) below equilibrium price, causing a surplus
D) below equilibrium price, causing a shortage

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