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10. Refer to the above figure. Is a price of $12 a binding price floor? (1 mark) a. No, because the price floor is at
10. Refer to the above figure. Is a price of $12 a binding price floor? (1 mark) a. No, because the price floor is at $14. b. Yes, because any price above $10 is a binding price floor. c. No, because equilibrium remains attainable. d. No, because a price floor is a legal maximum
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