Which statement is true? a) A price floor is above equilibrium price and causes surpluses. b) A
Question:
Which statement is true?
a) A price floor is above equilibrium price and causes surpluses.
b) A price floor is above equilibrium price and causes shortages.
c) A price floor is below equilibrium price and causes surpluses.
d) A price floor is below equilibrium price and causes shortages.
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The correct statement is a A price floor is above equilibrium price and causes surpluses Explanation ...View the full answer
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