Question

A price floor set below the equilibrium price results in Group of answer choices A. a...

A price floor set below the equilibrium price results in

Group of answer choices

A. a surplus.

B. no change in either the equilibrium price or the equilibrium quantity.

C. a shortage.

D. an increase in the quantity bought and sold.

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Homework Answers

Answer #1

Below the equilibrium price will result in

shortage.

there will be excess demand and its a situation of disequilibrium .

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