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laila [671]
2 years ago
6

when a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so.

Business
1 answer:
liraira [26]2 years ago
6 0

when a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so. So the correct answer of your question is True.

Binding Price Ceiling
On the other hand, if a price ceiling's level is set below the equilibrium price that would develop in a free market, it renders the free market price illegal and alters the outcome of the market. As a result, we can begin examining the impacts of a price ceiling by figuring out how a legally binding price ceiling will impact a market that is competitive.

To learn more about Binding Price Ceiling
brainly.com/question/25300841

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Complete Question

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