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    Managerial Economics and Strategy Study Set 2
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    Exam 2: Supply and Demand
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    A Price Floor That Is Set Above the Equilibrium Price
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A Price Floor That Is Set Above the Equilibrium Price

Question 106

Question 106

Multiple Choice

A price floor that is set above the equilibrium price


A) causes suppliers to lose money.
B) creates a shortage.
C) is non-binding.
D) creates a surplus.

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