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Economics
MEDIUM
ENGLISH
Economics
A price floor ?
A
always determines the price at which a good must be sold
Option A
B
sets a legal maximum on the price at which a good can be sold
Option B
C
is not a binding constraint if it is set above the equilibrium price
Option C
sets a legal minimum on the price at which a good can be sold
Correct answer
Correct answer: D
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