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

question 194

Multiple Choice

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

• A) A price ceiling set at $6 would be binding, but a price ceiling set at $12 would not be binding.
• B) A price floor set at $14 would be binding, but a price floor set at $8 would not be binding.
• C) A price ceiling set at $9 would result in a shortage.
• D) A price floor set at $6 would result in a shortage.

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Definitions:

Illogical

Characterized by lack of reasonable or sensible thought; inconsistent with principles of logic.

Untrue

Not in accordance with the actual state of affairs; false.

Irrelevant

Not related or pertinent to the matter at hand; off-topic or extraneous.

Promise Academy

A charter school or educational institution often focused on providing high-quality education and resources to underserved communities.