A price floor 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.
b
Economics
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What will be an ideal response?
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Government intervention always results in the optimal mix of output.
Indicate whether the statement is true or false.
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For four decades, the Fed has reflected its monetary policy in the ________ ________ ________?
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