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A binding price floor: A.will cause quantity demanded to exceed quantity supplied. B.will cause quantity supplied to exceed quantity demanded. C.will increase total well-being. D.will
A binding price floor:
- A.will cause quantity demanded to exceed quantity supplied.
- B.will cause quantity supplied to exceed quantity demanded.
- C.will increase total well-being.
- D.will set a legal maximum price in a market.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
