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Refer to the Following Graph

Question 12

Multiple Choice

Refer to the following graph. Refer to the following graph. A government-imposed price floor of $2 will result in: A) neither excess supply nor excess demand since it is binding. B) neither excess supply nor excess demand since it is not binding. C) an excess demand of 2. D) an excess supply of 2. A government-imposed price floor of $2 will result in:


A) neither excess supply nor excess demand since it is binding.
B) neither excess supply nor excess demand since it is not binding.
C) an excess demand of 2.
D) an excess supply of 2.

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