Multiple Choice
If a binding price floor is in place and if the demand curve for the product shifts rightward, one consequence would be
A) an increase in the amount of excess demand.
B) a decrease in the amount of excess supply.
C) a decrease in the quantity exchanged.
D) a decrease in the amount of excess demand.
E) an increase in the amount of excess supply.
Correct Answer:
Verified
Correct Answer:
Verified
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