Exhibit 5-1

-Refer to Exhibit 5-1. A price floor set at $10 would not cause a surplus.

Name: Exhibit 5-1 -Refer to Exhibit 5-1. A price floor set at $10 would not cause a surplus.
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Question

Exhibit 5-1
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-Refer to Exhibit 5-1. A price floor set at $10 would not cause a surplus.

Quizplus · Accepted Answer

A price floor set at $10 would cause a surplus because the quantity supplied would be greater than the quantity demanded at that price.

Exhibit 5-1 ​ ​