Question
On the 4C problem, wouldn't the government limiting the rate of interest be an effective price ceiling? The answer says an ineffective price floor, but
On the 4C problem, wouldn't the government limiting the rate of interest be an effective price ceiling? The answer says an ineffective price floor, but the question describes a price ceiling. Can you tell me if my answer is correct or am I not understanding right?
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Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
