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Figure 6-3 Refer to Figure 6-3. A government-imposed price of $24 in this market is an example of a a. nonbinding price ceiling that creates

Figure 6-3 Refer to Figure 6-3. A government-imposed price of $24 in this market is an example of a a. nonbinding price ceiling that creates a shortage b. binding price floor that creates a surplus. c. nonbinding price floor that creates a surplus. d. binding price ceiling that creates a shortage

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