A price ceiling will only be binding if it is set
举一反三
- When a binding price floor is imposed on a market to benefit sellers,
- The imposition of a binding price floor on a market causes quantity demanded to be
- If the government imposes a binding price floor on sugar, it may also have to .
- Which of the following would increase quantity supplied, increase quantity demanded, and decrease the price that consumers pay? ( ) A: the imposition of a binding price floor . B: the removal of a binding price floor. C: the passage of a tax levied on producers. D: the repeal of a tax levied on producers .
- If the equlibrium price of gasoline is $1.00 per gallon and the government places a price ceiling on gasoline of $1.50 per gallon, the result will be a shortage of gasoline