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Price floors usually result in ___________________. Question 10 options: A. equilibrium B. shortage C. surplus D. fewer units sold
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Price floors usually result in ___________________.

Question 10 options:

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

User Gopakumar Gopalan
by
5.3k points

1 Answer

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