A Price Floor Set Above the Equilibrium Price Is a Binding

question 44

True/False

A price floor set above the equilibrium price is a binding constraint.

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Definitions:

Screencasts

Recordings of activity on computer displays with audio voiceover.

Audio Voiceover

A production technique where a voice—that is not part of the narrative—is used in radio, television production, filmmaking, theatre, or other presentations.

Computer Activity

Any action or task performed on a computer, ranging from browsing the internet to using software applications.

Analyze The Situation

The process of examining a situation in detail to understand its components, causes, and potential solutions.