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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 37
Which statement is true?
A) A price floor is above equilibrium price and causes surpluses.
B) A price floor is above equilibrium price and causes shortages.
C) A price floor is below equilibrium price and causes surpluses.
D) A price floor is below equilibrium price and causes shortages.
A) A price floor is above equilibrium price and causes surpluses.
B) A price floor is above equilibrium price and causes shortages.
C) A price floor is below equilibrium price and causes surpluses.
D) A price floor is below equilibrium price and causes shortages.
Explanation
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Microeconomics 9th Edition by Stephen Slavin
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