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Starting from an Equilibrium Position

Question 7

Multiple Choice

Starting from an equilibrium position,


A) ​the imposition of a price floor below the equilibrium price will increase the quantity demanded.
B) ​the imposition of a price floor below the equilibrium price will decrease the quantity exchanged.
C) ​the imposition of a price floor above the equilibrium price will decrease the quantity demanded.
D) ​the imposition of a price floor above the equilibrium price will increase the quantity exchanged.

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