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Title: A price floor policy establishes a minimum price for a market, and the policy is said to be binding ... Post by: corie on Oct 24, 2017 A price floor policy establishes a minimum price for a market, and the policy is said to be binding if the market equilibrium price is less than the floor price. What impact does a binding price floor have on the market outcome?
A) Excess supply B) Excess demand C) Shortage D) No impact, and the market price and quantity equal their equilibrium values Title: Re: A price floor policy establishes a minimum price for a market, and the policy is said to be ... Post by: boransal on Oct 24, 2017 Content hidden
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