Question: a m 1 i If a price floor is set above the equilibrium price in a market Multiple Choice rationing will be unnecessary. shortages will

am1 i
If a price floor is set above the equilibrium price in a market
Multiple Choice
rationing will be unnecessary.
shortages will develop.
the quantity demanded will exceed the quantity supplied.
the quantity supplied will exceed the quantity demanded.
a m 1 i If a price floor is set above the

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