Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
corie corie
wrote...
Go to Answer
Posts: 767
Rep: 10 0
6 years ago
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
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 63 times
1 Reply
Replies
Answer verified by a subject expert
boransalboransal
wrote...
#1
Posts: 477
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

corie Author
wrote...

6 years ago
this is exactly what I needed
TheMoffattMan
wrote...

Yesterday
You make an excellent tutor!
rhockeygirl
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  947 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 851
  
 1479
  
 476
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: Do you trust social media networks with protecting your privacy?