Figure 6-11 -Refer to Figure 6-11. Which of the Following Statements Is

question 342

Multiple Choice

Figure 6-11
-Refer to Figure 6-11. Which of the following statements is not correct?

• A) A government-imposed price of $8 would be a binding price floor if market demand is Demand A and a binding price ceiling if market demand is Demand B.
• B) A government-imposed price of $10 would be a binding price ceiling if market demand is either Demand A or Demand B.
• C) A government-imposed price of $4 would be a binding price ceiling if market demand is either Demand A or Demand c.
• D) A government-imposed price of $10 would be a binding price floor if market demand is Demand A and a non-binding price ceiling if market demand is Demand B.