If a price floor is to be binding or effective, it must be set OA. above...

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If a price floor is to be binding or effective, it must be set OA. above the equilibrium price. OB. at any disequilibrium price. OC. at a level such that there exists some excess demand. OD. at the equilibrium price. OE. very low. If a price floor is to be binding or effective, it must be set OA. above the equilibrium price. OB. at any disequilibrium price. OC. at a level such that there exists some excess demand. OD. at the equilibrium price. OE. very low.

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Answer above the equilibrium price Explanation If the government ... View the full answer