FIGURE 5- 1 -Refer to Figure 5- 1. to Be Binding, a Legal

Multiple Choice

FIGURE 5- 1
-Refer to Figure 5- 1. To be binding, a legal price ceiling must lie

A) anywhere above 0.
B) below P0 but above P3.
C) anywhere above P0.
D) above P0 but below P2.
E) anywhere below P0.