A price floor is not binding if:
A) the price floor is higher than the equilibrium market price
B) the price floor is lower than the equilibrium market price
C) people are willing to buy as much when the price floor is imposed as they did before
D) the government sets it
Correct Answer:
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Q64: Graph 6-6 Q66: Which of the following is a correct Q68: Graph 6-3 Q69: Graph 6-6 Q70: Which of the following is NOT a Q71: Water shortages caused by droughts can be Q72: Rent controls lead to: Q75: A binding price floor causes: Q78: Workers with high levels of skill and Q79: Graph 6-5 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 shortage of housing
A) excess demand
B)
