Question

If quantity supplied equals 85 units and quantity demanded equals 80 units under a price control,...

  1. If quantity supplied equals 85 units and quantity demanded equals 80 units under a price control, then it is a:

    A.

    binding price ceiling.

    B.

    binding price floor.

    C.

    nonbinding price ceiling.

    D.

    nonbinding price floor.

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Answer #1

derrard Supply birdig pare Floor Equilibrin Since Supply > Derrard So Sorplus The abole lave is of with Surpis. birding brice

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