omdorrin886 omdorrin886
  • 09-04-2024
  • Business
contestada

Consider a market in which the demand curve is P = 12 - 2Q and the supply curve is P = 2 + 3Q. Suppose that a market regulator imposes a price floor of $10 in the market. Then this price floor causes?
1) a shortage of goods
2) a surplus of goods
3) an increase in price
4) a decrease in price

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