Question: Consider the following figure. Chart, line chartDescription automatically generated In this market, suppose the government announces that the price must be P2 or higher. This

Consider the following figure. Chart, line chartDescription automatically generated In this market, suppose the government announces that the price must be P2 or higher. This price (P2) is referred to as Question 15 options: a non-binding price floor. an equilibrium price. a binding price floor. a non-binding price ceiling. a binding price ceiling

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