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Assume a Price Floor Is Imposed at the Current Equilibrium

Question 14

Multiple Choice

Assume a price floor is imposed at the current equilibrium price in the market for lettuce. If the demand for lettuce then increases:


A) ​a surplus of lettuce will be created.
B) ​a shortage of lettuce will be created.
C) ​the quantity of lettuce traded remains the same.
D) ​the quantity of lettuce supplied will increase.

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