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Business, 20.03.2020 12:09 Darkknighta26

Which of the following statements is not correct? a. A price ceiling set at $4 would be binding, but a price ceiling set at $6 would not be binding. b. A price floor set at $7 would be binding, but a price floor set at $4 would not be binding. c. A price ceiling set at $3.50 would result in a surplus. d. A price floor set at $6.50 would result in a surplus.

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Which of the following statements is not correct? a. A price ceiling set at $4 would be binding, but...

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