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31 January, 10:05

Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a minimum wage d. a rent contro

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  1. 31 January, 12:47
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    A) a non-binding price floor

    Explanation:

    A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.

    A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.
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