To say that a price ceiling is binding is to say that the price ceiling a. results in a shortage. b. is set below the equilibrium price. c. causes quantity demanded to exceed quantity supplied. d. All of the above are correct.
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Home » Business » To say that a price ceiling is binding is to say that the price ceiling a. results in a shortage. b. is set below the equilibrium price. c. causes quantity demanded to exceed quantity supplied. d. All of the above are correct.