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  3. Study Set
    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    A Binding Price Floor Causes
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A Binding Price Floor Causes

Question 50

Question 50

Multiple Choice

A binding price floor causes:


A) a shortage in the market.
B) a surplus in the market.
C) wasted resources.
D) a surplus in the market and wasted resources.

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