A Nonbinding Price Floor I Causes A Surplus

Iii is set at a price above the equilibrium price. A binding price floor i causes a surplus. A binding price ceiling causes a surplus.

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Pin By Jimmy Chaturavichanan On Non Binding Price Floor Macroeconomics Equilibrium Binding

Pin By Jimmy Chaturavichanan On Non Binding Price Floor Macroeconomics Equilibrium Binding

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