Ask Question
3 November, 19:29

If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling. b. the equilibrium price is below the price ceiling. c. it has no legal enforcement mechanism. d. None of the above is correct because all price ceilings must be binding.

+4
Answers (1)
  1. 3 November, 23:01
    0
    B. The equilibrium price is below the price ceiling.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling. b. the equilibrium price is below the price ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers