Question

Suppose Kate lives in a community with no price controls. What could happen if her town borders a community where there is a nonbinding price ceiling on most products

Answer 1

Answer: The price and the quantity sold in the community without a nonbinding price ceiling will be the same as the price and quantity in the community with a nonbinding

Explanation:

The price and the quantity sold in the community without a nonbinding price ceiling will be the same as the price and quantity in the community with a nonbinding