Which of the following price ceilings would be binding in this market?

A. $14
B. $12
C. $8
D. $10

C. $8

Economics

You might also like to view...

If the effective rate of protection is greater than the nominal rate of protection, there must be tariffs on intermediate products

Indicate whether the statement is true or false

Economics

In Keynes's liquidity preference framework, if there is excess demand for money, there is

A) an excess demand for bonds. B) equilibrium in the bond market. C) an excess supply of bonds. D) too much money.

Economics