astraydg astraydg

09-05-2020
Business

contestada

Price floors usually result in ___________________.

Question 10 options:

A. equilibrium
B. shortage
C. surplus
D. fewer units sold

Respuesta :

jojochuck123 jojochuck123

09-05-2020

When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.

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