Business, 18.02.2020 23:53 jady20krazy

Which of the following is an example of a binding price control? This is a "multiple answer" question, so there may be more than one correct answer

a. The price of steel is $300 per ton. The government imposes a price floor of $200 per ton.
b. The price of cotton is $10 per bale. The government imposes a price floor of $15 per bale.
c. The price of gasoline is $2 per gallon. The government imposes a price ceiling of $4 per gallon.
d. The price of bananas is $2 per pound. The government imposes a price ceiling at $1 per pound.
e. The price of wheat is $20 per bushel. The government imposes a price floor of $5 per bushel
f. The price of mobile phone data is around $15 per gigabyte per month. The government imposes a price ceiling of $5 per month.

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Which of the following is an example of a binding price control? This is a "multiple answer" questio...

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