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Which of the following statements is not correct? a. A government-imposed price of $10 would be a binding price ceiling if market demand is either
Which of the following statements is not correct? a. A government-imposed price of $10 would be a binding price ceiling if market demand is either Demand A or Demand B. b. A government-imposed price of $10 would be a binding price floor if market demand is Demand A and a nonbinding price ceiling if market demand is Demand B. c. A government-imposed price of $8 would be a binding price floor if market demand is Demand A and a binding price ceiling if market demand is Demand B. d. A government-imposed price of $4 would be a binding price ceiling if market demand is either Demand A or Demand B
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