![4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics 4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/d485d7d610bdd98c10822f55db59502a.jpg)
4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings – Principles of Economics
![A government-imposed price of $12 in this market is an example of a: a. Non-binding price ceiling that creates a shortage, b. Non-binding price floor that creates a surplus, c. Binding price A government-imposed price of $12 in this market is an example of a: a. Non-binding price ceiling that creates a shortage, b. Non-binding price floor that creates a surplus, c. Binding price](https://homework.study.com/cimages/multimages/16/untitled-11752558247498582534.jpg)
A government-imposed price of $12 in this market is an example of a: a. Non-binding price ceiling that creates a shortage, b. Non-binding price floor that creates a surplus, c. Binding price
![What is a price floor? Examples of binding and non-binding price floors. - FreeEconHelp.com, Learning Economics... Solved! What is a price floor? Examples of binding and non-binding price floors. - FreeEconHelp.com, Learning Economics... Solved!](https://4.bp.blogspot.com/-vM2gx6eM3rY/T7n4Rag576I/AAAAAAAAAlg/WYq2nF4IfPQ/s1600/price+floor+graph.png)
What is a price floor? Examples of binding and non-binding price floors. - FreeEconHelp.com, Learning Economics... Solved!
Worthwhile Canadian Initiative: Neo-Fisherian Microfoundations, with non-binding price ceiling and floor
![A price ceiling above $25 per box is not a binding price ceiling in this market. (Economists call a price ceiling that prevents the market from reaching equilibrium a binding price ceiling.) A price ceiling above $25 per box is not a binding price ceiling in this market. (Economists call a price ceiling that prevents the market from reaching equilibrium a binding price ceiling.)](https://homework.study.com/cimages/multimages/16/untitled-15166180277021615552.jpg)