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A government-imposed price of $12 in this market is an example of a

 

a. non-binding price ceiling that creates a shortage.

 

b. non-binding price floor that creates a surplus.

 

c. binding price floor that creates a surplus.

 

d. binding price ceiling that creates a shortage

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Insha Fatima
Insha FatimaLv10
26 Sep 2020

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