Principles of Economics

Published on: 2001
Page Count: 896 pages
Print Type: BOOK
Maturity Rating: NOT_MATURE
Language: en
Embeddable: No
PDF Available: No
EPUB Available: No
ISBN-13: ISBN-13 not available
ISBN-10: ISBN-10 not available
... price is above the floor , the price floor is not binding . Market forces naturally move the economy to the equilibrium , and the price floor has no effect . Panel ( b ) of Figure 6-4 shows what happens when the government imposes a price ...

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