Question
In case of binding price ceilings or binding price floors Group of answer choices the market is prevented from reaching equilibrium and efficent outcome occurs.
In case of binding price ceilings or binding price floors
Group of answer choices
the market is prevented from reaching equilibrium and efficent outcome occurs.
the market is prevented from reaching equilibrium and deadweight loss occurs.
the market reaches equilbrium and efficient outcome is achieved.
there is no efficiency effect on the market.
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
