avalynjones9443 avalynjones9443
  • 18-12-2019
  • Business
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If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the price ceiling.c. it has no legal enforcement mechanism.d. None of the above is correct because all price ceilings must be binding.

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evafilak7781
evafilak7781 evafilak7781
  • 18-12-2019
B. The equilibrium price is below the price ceiling.
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