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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    A Binding Price Floor Causes
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A Binding Price Floor Causes

Question 98

Question 98

Multiple Choice

A binding price floor causes:


A) a shortage in the market.
B) a surplus in the market.
C) an efficient use of resources.
D) equilibrium.

Correct Answer:

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