Figure 6-4 -Refer to Figure 6-4. a Government-Imposed Price of $16 in of $16

Figure 6-4
-Refer to Figure 6-4. A government-imposed price of $16 in this market could be an example of a
i) binding price ceiling.
Ii) non-binding price ceiling.
Iii) binding price floor.
Iv) non-binding price floor.

A) i) only
B) ii) only
C) i) and iv) only
D) ii) and iii) only