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Figure 6-11 -Refer to Figure 6-11.Which of the Following Statements Is Not

Question 135

Multiple Choice

Figure 6-11 Figure 6-11 -Refer to Figure 6-11.Which of the following statements is not correct? A) A government-imposed price of $8 would be a binding price floor if market demand is Demand A and a binding price ceiling if market demand is Demand B. B) A government-imposed price of $10 would be a binding price ceiling if market demand is either Demand A or Demand B. C) A government-imposed price of $4 would be a binding price ceiling if market demand is either Demand A or Demand B. D) A government-imposed price of $10 would be a binding price floor if market demand is Demand A and a non-binding price ceiling if market demand is Demand B.
-Refer to Figure 6-11.Which of the following statements is not correct?


A) A government-imposed price of $8 would be a binding price floor if market demand is Demand A and a binding price ceiling if market demand is Demand B.
B) A government-imposed price of $10 would be a binding price ceiling if market demand is either Demand A or Demand B.
C) A government-imposed price of $4 would be a binding price ceiling if market demand is either Demand A or Demand B.
D) A government-imposed price of $10 would be a binding price floor if market demand is Demand A and a non-binding price ceiling if market demand is Demand B.

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