If a price floor is not binding, then it will have no effect on the market.
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Q55: A binding price floor causes quantity supplied
Q56: To be binding, a price floor must
Q57: The primary effect of rent control in
Q58: The effects of rent control in the
Q59: A price floor set above the equilibrium
Q61: Binding price floors benefit sellers because they
Q62: In an unregulated labor market, the wage
Q63: Price floors are typically imposed to benefit
Q64: One common example of a price floor
Q65: The United States is the only country
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