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(Figure: Supply and Demand) Use Figure: Supply and Demand

Question 3

Multiple Choice

(Figure: Supply and Demand) Use Figure: Supply and Demand. A binding price floor is represented by: (Figure: Supply and Demand) Use Figure: Supply and Demand. A binding price floor is represented by: A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) point C.


A) P1.
B) P2.
C) P3.
D) point C.

Correct Answer:

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