Question: For a price ceiling to be a binding constraint on the market, the government must set it a . below the equilibrium price 4 .

For a price ceiling to be a binding constraint on the market, the government must set it
a. below the equilibrium price
4. b. precisely at the equilibrium price
5. c. above the equilibrium price
6. d. at any price because all price ceilings are binding constraints
For a price ceiling to be a binding constraint on

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