The surplus caused by a binding price floor will be greatest if ? – McqOptions

MCQOPTIONS

1.	The surplus caused by a binding price floor will be greatest if ?
A.	demand is inelastic and supply in elastic
B.	supply is inelastic, and demand is elastic
C.	both supply and demand are elastic
D.	both supply and demand are inelastic
Answer» D. both supply and demand are inelastic

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