Use the following Table to answer the question :
-If government legislates a price floor that is below the equilibrium price

Name: Use the following Table to answer the question : -If government legislates a price floor that is below the equilibrium price
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Question

Use the following Table to answer the question : 
-If government legislates a price floor that is below the equilibrium price

Quizplus · Accepted Answer

A price floor set below the equilibrium price is non-binding, meaning it does not affect the market as the equilibrium price is already above the floor.

Use the Following Table to Answer the Question