Multiple Choice
What is the long-run consequence of a price floor law?
A) A surplus will continue to exist and will grow larger over time.
B) A surplus will continue to exist and will grow smaller over time.
C) A shortage will continue to exist and will grow larger over time.
D) A shortage will continue to exist and will grow smaller over time.
E) The amount of the surplus will not change.
Correct Answer:
Verified
Correct Answer:
Verified
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