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Tidy Tidy
wrote...
Posts: 4852
8 years ago
In order to be binding, a price ceiling
A) must lie above the free market equilibrium price.
B) must lie below the free market equilibrium price.
C) must coincide with the free market equilibrium price.
D) must be high enough for firms to earn a profit.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 311 times
1 Reply
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Answer verified by a subject expert
SydnieSydnie
wrote...
Top Poster
Posts: 3807
8 years ago
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Tidy Author
wrote...

8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

Yesterday
Helped a lot
wrote...

2 hours ago
Thanks for your help!!
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