If a non-binding price floor were to be set in the market in the graph shown, it could be set at:

A. $30.
B. $16.
C. $23.
D. All of these would be binding price floors for this market.

Answer: B

Economics

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Which of the following is NOT a disadvantage of controls on capital outflows?

A) The controls may lead to excessive risk taking by the domestic banks. B) They are seldom effective during a crisis. C) Capital flight may increase after they are put in place. D) Controls often lead to an increase in government corruption.

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Give examples of two substitute goods and two complementary goods. In each case explain why the goods are substitutes or complements

Please provide the best answer for the statement.

Economics