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Which of the following is not correct? a. A price ceiling of $6 would be non-binding. b. A price floor of $6 would be binding.
Which of the following is not correct? a. A price ceiling of $6 would be non-binding. b. A price floor of $6 would be binding. c. A price ceiling of $6 would generate surplus quantity of 2 units. d. A price of $5 would be considered market-clearing. e. A price of $5 would generate the greatest total surplus
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