Multiple Choice
A price floor is not binding if
A) the price floor is higher than the equilibrium price of the good.
B) the quantity of the good demanded with the price floor is less than the quantity demanded of the good without the price floor.
C) the quantity of the good supplied with the price floor is less than the quantity supplied of the good without the price floor.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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