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gtnhenbr [62]
3 years ago
9

If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the

price ceiling.c. it has no legal enforcement mechanism.d. None of the above is correct because all price ceilings must be binding.
Business
1 answer:
IgorLugansk [536]3 years ago
5 0
B. The equilibrium price is below the price ceiling.
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