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    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    The Likely Result of a Price Floor Is a _____
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The Likely Result of a Price Floor Is a _____

Question 96

Question 96

Multiple Choice

The likely result of a price floor is a _____ of the good at a price _____ the equilibrium price.


A) surplus; above
B) shortage; below
C) surplus; below
D) shortage; above

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