Question

If the market price of burgers is $8 and the government sets a legal minimum at $9, the government has imposed a price Use letters in alpha-betical order to select options:

A floor that is not binding.
B ceiling that is binding.
C ceiling that is not binding.
D floor that is binding.

Answer 1

D, floor that is binding

Step-by-step explanation:

floor that is binding means that the government sets a required price that is at prive above equilibrium