A price ceiling set above the equilibrium price is not binding.
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Q15: When free markets ration goods with prices,
Q16: Price controls are usually enacted when policymakers
Q17: If a price ceiling is not binding,
Q18: Minimum-wage laws dictate the lowest wage that
Q19: When a free market for a good
Q21: A price ceiling set above the equilibrium
Q22: If a price ceiling of $2 per
Q23: Economists argue that rent control is a
Q24: A price ceiling set below the equilibrium
Q25: A binding price ceiling causes quantity demanded
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