If a price ceiling is not binding, then
a. the equilibrium price is above the price ceiling
b. the equilibrium price is below the price ceiling.
c. it cannot be legally enforced.
d. None of the above is correct because all price ceilings must be binding.
b
Economics
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The CPI for all goods and services excluding food and energy is called a. a hedonic price index. b. the CPI basis. c. the core CPI
d. the producer price index.
Economics
Which of the following represents an accurate situation for a perfectly competitive firm?
A. P = $5 and MR = $7 B. P = $9 and MR = $9 C. P = $16 and MR = $0 D. P = $12 and MR = $8
Economics