Business, 10.02.2022 14:00 kitttimothy55

To say that a price ceiling is nonbinding is to say that the price ceiling a. results in a surplus. b. is set above the equilibrium price. c. is set below the equilibrium price. d. causes quantity demanded to exceed quantity supplied.

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To say that a price ceiling is nonbinding is to say that the price ceiling a. results in a surplus....