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    Exam 4: Extensions of Demand and Supply Analysis
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    A Price Floor Set Above a Market Equilibrium Price Causes
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A Price Floor Set Above a Market Equilibrium Price Causes

Question 85

Question 85

Multiple Choice

A price floor set above a market equilibrium price causes


A) a surplus.
B) a shortage.
C) producers to receive lower prices.
D) consumers to pay lower prices.

Correct Answer:

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