Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

For a price ceiling to be binding constraint on the market the government must set it ?

For a price ceiling to be binding constraint on the market the government must set it ?

A. above the equilibrium price
B. below the equilibrium price
C. precisely at the equilibrium price
D. at any price because all price ceilings are binding constraints