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Author Question: For a price floor to be binding, it must be set (Read 49 times)

fungirl

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on: Oct 12, 2022

Question 1

In which type of market would a government be most likely to establish a "legal" price floor?
◦ electricity market
◦ diamond market
◦ natural gas market
◦ housing market
◦ labour market

Question 2

For a price floor to be binding, it must be set
◦ below the free-market equilibrium price.
◦ at a level such that there exists some unsatisfied demand.
◦ above the free-market equilibrium price.
◦ very low.
◦ at the free-market equilibrium price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by fungirl on Oct 12, 2022

jbsuccess1

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fungirl

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Excellent

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