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Author Question: Which of the following statements best differentiates price ceilings and price floors? (Read 41 times)

dongbo

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on: Oct 12, 2022
Which of the following statements best differentiates price ceilings and price floors?
◦ Binding price ceilings are always set below the equilibrium price, whereas binding price floors are always set above the equilibrium price.
◦ Price ceilings represent minimum prices, while price floors represent maximum prices.
◦ Price ceilings and price floors have the same effects.
◦ Price floors cause shortages to appear, whereas price ceilings have the opposite effect.
◦ Price ceilings are always effective, whereas price floors are rarely effective.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dongbo on Oct 12, 2022

furthoh

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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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dongbo

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Reply 2 on: Oct 12, 2022
Excellent

Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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