When there is a binding price floor
A) there is no equilibrium.
B) the quantity demanded does not equal the quantity supplied.
C) all potential producers are happy because they can sell the good at a higher price.
D) the government is helping consumers at the expense of producers.
B
Economics
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Which international relations theory supports the idea that it wouldn't matter who the hegemon is in a new world system?
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Refer to the figure above. What is the domestic production of pens in Lithasia, after the economy opens up to free trade?
A) 6 units B) 12 units C) 16 units D) 22 units
Economics