Question 12 The equilibrium price of a good is $4 with no price controls. The price of the good would continue to serve as the rationing mechanism (i.e., the control would not be "binding") if Group...

Question 12

The equilibrium price of a good is $4 with no price controls. The price of the good would continue to serve as the rationing mechanism (i.e., the control would not be "binding") if

Group of answer choices

a price floor of $5 is imposed.

All of the above are correct.

a price ceiling of $3 is imposed.

a price ceiling of $5 is imposed.

Jun 10, 2022

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Question 12 The equilibrium price of a good is $4 with no price controls. The price of the good would continue to serve as the rationing mechanism (i.e., the control would not be "binding") if Group...

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