Ask Question
24 March, 21:04

Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a minimum wage d. a rent contro

+4
Answers (1)
  1. 24 March, 21:29
    0
    A) a non-binding price floor

    Explanation:

    A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.

    A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a minimum ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers