To be binding, a price ceiling must be set at a price:
A.lower than the equilibrium price.
B.higher than the equilibrium price.
C.the same as the equilibrium price.
D.any price ceiling is binding.

Question

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The Answer of To be binding, a price ceiling must be set at a price:
A.lower than the equilibrium price.
B.higher than the equilibrium price.
C.the same as the equilibrium price.
D.any price ceiling is binding.

To Be Binding, a Price Ceiling Must Be Set at a Price