a. If the government imposes a price floor of $14 in this market, the result would...

  

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a. If the government imposes a price floor of $14 in this market, the result would be (a shortage, surplus, non-binding) equal to _____ units, zero units) b. If the government imposes a price ceiling of $8 in this market, the result would be (a shortage, equal to units. surplus, non-binding) c A price-ceiling is non-binding if it is set (below, above) d. A price-floor is non-binding if it is set (below, above) the equilibrium price. the equilibrium price. Price $20 18 16 14 12 10 8 6 4 2 D S 0 10 20 30 40 50 60 70 80 90 100 Quantity a. If the government imposes a price floor of $14 in this market, the result would be (a shortage, surplus, non-binding) equal to _____ units, zero units) b. If the government imposes a price ceiling of $8 in this market, the result would be (a shortage, equal to units. surplus, non-binding) c A price-ceiling is non-binding if it is set (below, above) d. A price-floor is non-binding if it is set (below, above) the equilibrium price. the equilibrium price. Price $20 18 16 14 12 10 8 6 4 2 D S 0 10 20 30 40 50 60 70 80 90 100 Quantity

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