A surplus will result whenever the: O government imposes a price floor above the equilibrium price....
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A surplus will result whenever the: O government imposes a price floor above the equilibrium price. quantity demanded exceeds the quantity supplied. O government imposes a price ceiling below the equilibrium price. government imposes a price ceiling above the equilibrium price. government imposes a price floor below the equilibrium price. Technological progress lowers the cost of mass-producing 4K TVs. At the same time, more television networks begin broadcasting in 4K format, increasing the popularity of 4K TVs. Considering the changes to supply and demand, what can be said about conditions in the 4K TV market? O The equilibrium quantity and price of 4K TVs will increase. O The equilibrium quantity and price of 4K TVs will decrease. O The equilibrium quantity of 4K TVs will decrease and price will increase, O The equilibrium quantity of 4K TVs will increase and price will decrease. O The equilibrium quantity of 4K TVS will increase and what happens to price is indeterminate. A surplus will result whenever the: O government imposes a price floor above the equilibrium price. quantity demanded exceeds the quantity supplied. O government imposes a price ceiling below the equilibrium price. government imposes a price ceiling above the equilibrium price. government imposes a price floor below the equilibrium price. Technological progress lowers the cost of mass-producing 4K TVs. At the same time, more television networks begin broadcasting in 4K format, increasing the popularity of 4K TVs. Considering the changes to supply and demand, what can be said about conditions in the 4K TV market? O The equilibrium quantity and price of 4K TVs will increase. O The equilibrium quantity and price of 4K TVs will decrease. O The equilibrium quantity of 4K TVs will decrease and price will increase, O The equilibrium quantity of 4K TVs will increase and price will decrease. O The equilibrium quantity of 4K TVS will increase and what happens to price is indeterminate.
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