![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 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](https://homework.study.com/cimages/multimages/16/untitled-11752558247498582534.jpg)
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
The Bonomist - At figure 1: Because the price ceiling is above the market equilibrium, so the price ceiling is not binding AT figure 2: Because the price ceiling is below the
![4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics 4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/d485d7d610bdd98c10822f55db59502a.jpg)
4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics
![What is a price ceiling? Examples of binding and non binding price ceilings - FreeEconHelp.com, Learning Economics... Solved! What is a price ceiling? Examples of binding and non binding price ceilings - FreeEconHelp.com, Learning Economics... Solved!](https://1.bp.blogspot.com/-cAxe4EuYPz8/T17fZ9d8hWI/AAAAAAAAAfk/0Kmi_jVVbuk/s1600/ineffective+price+ceiling.png)
What is a price ceiling? Examples of binding and non binding price ceilings - FreeEconHelp.com, Learning Economics... Solved!
![Price Controls 5. Previously Equilibrium is determined by the forces of supply and demand. A shortage (excess demand) will occur at prices below the equilibrium. - ppt download Price Controls 5. Previously Equilibrium is determined by the forces of supply and demand. A shortage (excess demand) will occur at prices below the equilibrium. - ppt download](https://images.slideplayer.com/22/6421460/slides/slide_7.jpg)