Which of the following will affect market price?

A price ceiling above the market-clearing price
A price floor above the market-clearing price
A price floor below the market-clearing price
Both A and C


 

Prices above a price ceiling are:

legal, as are prices above a price floor.
legal, while prices above a price floor are illegal.
illegal, as are prices above a price floor.
illegal, while prices above a price floor are legal.


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