A Binding Price Floor

question 35

Multiple Choice

A binding price floor
I.causes a surplus.
II.causes a shortagE.
iii.is set at a price above the equilibrium pricE.
iv.
Is set at a price below the equilibrium pricE.​

• A)​(i) only
• B)​(iii) only
• C)​(i) and (iii) only
• D)​(ii) and (iv) only

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