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An Example of a Binding Price Ceiling Is

Question 132

Multiple Choice

An example of a binding price ceiling is:


A) a minimum wage law that is set above the equilibrium price.
B) rent control that is set above the equilibrium price.
C) a black market that sets the price below the equilibrium price.
D) a minimum wage law that is set below the equilibrium price.
E) rent control that is set below the equilibrium price.

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