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Author Question: A price ceiling will be binding only if it is set a. equal to the equilibrium price. b. above the ... (Read 89 times)

tingc95

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on: Jun 30, 2018
A price ceiling will be binding only if it is set
 a. equal to the equilibrium price.
 b. above the equilibrium price.
 c. below the equilibrium price.
 d. either above or below the equilibrium price.

Question 2

Demand deposits are:
 a. assets of banks, liabilities of depositors.
  b. liabilities of banks, assets of depositors.
  c. assets of banks and their depositors.
 d. liabilities of banks and their depositors.


kjohnson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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