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corie corie
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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
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Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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#1
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6 years ago
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corie Author
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6 years ago
Good timing, thanks!
paulinaibarra98
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Yesterday
You make an excellent tutor!
Tabitha.davis
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2 hours ago
Thank you, thank you, thank you!
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