FIGURE 5-3 -Refer to Figure 5-3.To Be Effective,a Price Floor Must Lie

question 98

Multiple Choice

FIGURE 5-3
-Refer to Figure 5-3.To be effective,a price floor must lie

• A)above P₁ but below P₂.
• B)anywhere above P₁.
• C)below P₁ but above P₃.
• D)anywhere below P₁.
• E)within the boundaries of P₂ and P₃.

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