Solved

If a Price Floor Is a Binding Constraint on a Market,then

Question 44

Multiple Choice

If a price floor is a binding constraint on a market,then


A) the equilibrium price must be above the price floor.
B) the quantity demanded must exceed the quantity supplied.
C) sellers cannot sell all they want to sell at the price floor.
D) buyers cannot buy all they want to buy at the price floor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions