A price floor will be binding only if it is set
a. equal to the equilibrium price
b. above the equilibrium price.
c. below the equilibrium price.
d. either above or below the equilibrium price.
b
Economics
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Suppose Bank A holds $50,000 in deposits with other banks. In the balance sheet, this amount will be accounted as Bank A's:
A) cash equivalents. B) short-term borrowing. C) long-term investments. D) reserves.
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Which of the following goods would see the largest decline in demand during a recession?
A) automobiles B) clothing C) food D) haircuts
Economics