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Tidy Tidy
wrote...
Posts: 4852
9 years ago
In order to be binding a price floor
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 218 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
SydnieSydnie
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Top Poster
Posts: 3807
9 years ago
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Tidy Author
wrote...

9 years ago
Thank you, thank you, thank you!
wrote...

Yesterday
Thanks for your help!!
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2 hours ago
this is exactly what I needed
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