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Why are price floors below equilibrium not binding?a)Because the equilibrium remains attainableb)Because price floors are legal maximum pricesC)because price floors are disequilibrium pricesd)because price floors

Why are price floors below equilibrium not binding?a)Because the equilibrium remains attainableb)Because price floors are legal maximum pricesC)because price floors are disequilibrium pricesd)because price floors cause an excess demand

(a) (b) Price Price Price Ceiling Price Ceiling Quantity Quantity (c) (d) Price Price S Price Floor X Price Floor Quantity Quantity

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