Select the statement below that is true of BOTH price ceilings AND price floors. a. When this is binding, it can cause a surplus.
b. To be effective it has to be below equilibrium.
c. This is a form of government policy that alters the market.
d. Nothing happens if it is placed above equilibrium.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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