To be binding, a price floor must be I. in the labor market. II. above the equilibrium price. III. set to achieve the equilibrium market quantity. | || I and III None of the above

Aquaculture Science
3rd Edition
ISBN:9781133558347
Author:Parker
Publisher:Parker
Chapter3: Marketing Aquaculture
Section: Chapter Questions
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To be binding, a price floor must be
I. in the labor market.
II. above the equilibrium price.
III. set to achieve the equilibrium market quantity.
1
||
I and III
None of the above
Transcribed Image Text:To be binding, a price floor must be I. in the labor market. II. above the equilibrium price. III. set to achieve the equilibrium market quantity. 1 || I and III None of the above
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