If a price ceiling is not binding, Business Economics

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If a price ceiling is not binding

If a price ceiling is not binding, then

a) there will be a surplus in the market

b) there will be a shortage in the market

c) the market will be less efficient than it would be without the price ceiling

d) there will be no effect on the market price or quantity sold

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Business Economics: If a price ceiling is not binding

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Business Economics: If a price ceiling is not binding

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