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    Exam 4: Supply and Demand
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    If Government Legislates a Price Floor That Is Below the Equilibrium
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If Government Legislates a Price Floor That Is Below the Equilibrium

Question 234

Question 234

Multiple Choice

If government legislates a price floor that is below the equilibrium price


A) a shortage will develop.
B) a black market will soon develop.
C) a surplus will develop.
D) market price and quantity sold will be unaffecteD.

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