Using the Graph Below, Analyse the Effect a €700 Price

question 50

Essay

Using the graph below, analyse the effect a €700 price floor would have on this market for ten-speed bicycles. Would this be a binding price floor?

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Definitions:

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Pretend Play

Play involving imaginary people and situations; also called fantasy play, dramatic play, or imaginative play.

Rough-And-Tumble

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