A Legal Price Ceiling,if It Is Binding,is a

question 90

Multiple Choice

A legal price ceiling,if it is binding,is a

• A)minimum price,below equilibrium,which price is not allowed to fall below.
• B)maximum price,above equilibrium,which price is not allowed to exceed.
• C)minimum price,above equilibrium,which price is not allowed to fall below.
• D)maximum price,below equilibrium,which a price is not allowed to exceed.
• E)any maximum price which price is not allowed to exceed.

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