When a Binding Price Floor Is Imposed on a Market

question 147

Multiple Choice

When a binding price floor is imposed on a market,

• A)price no longer serves as a rationing device.
• B)the quantity supplied at the price floor exceeds the quantity that would have been supplied without the price floor.
• C)only some sellers benefit.
• D)All of the above are correct.

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Preconceived opinion that is not based on reason or actual experience; often directed against individuals or groups.

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An educational approach designed to minimize competition and promote cooperation among students by having them work in racially and academically diverse groups.