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In the case of a binding price ceiling, the price paid in the market will be:
 
a. more than free market equilibrium price. 
b. less than free market equilibrium price. 
c. unable to be compared with the free market price. 
d. equal to the free market equilibrium price. 

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Alice Sejake
Alice SejakeLv10
4 Oct 2020

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2. A price ceiling is binding: (a) In every case because the government has the authority to enforce the law. (b) Only when it is below the free market price. (c) If it is optional. (d) Only when it is above the free market price.

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