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24 July, 18:15

The imposition of a binding price floor on a market causes quantity demanded to be

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  1. 24 July, 18:40
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    A price floor is the mining price that can be charged for an item. A binding price floor is a price set above market average pricing. Since the government regulates this and will not let them sell below the average market price, the price is set in stone for the products price in the market.
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