If the market price of burgers is $8 and the government sets a legal minimum at $9, the government has imposed a price Use lette

Question

3 years ago

13

If the market price of burgers is $8 and the government sets a legal minimum at $9, the government has imposed a price Use lette

rs in alpha-betical order to select options:
A floor that is not binding.
B ceiling that is binding.
C ceiling that is not binding.
D floor that is binding.

Business

1 answer:

Dafna1 [17] · Answer 1 · 2022-02-06T15:37:59+03:00

Dafna1 [17]3 years ago

3 0

Answer:

D, floor that is binding

Explanation:

floor that is binding means that the government sets a required price that is at prive above equilibrium