A price floor________ .
A) causes a surplus in the market
B) is set below the market equilibrium price
C) can lead to black markets
D) causes a shortage in the market
Correct Answer:
Verified
Q155: In product market, households _the product and
Q156: A technological advancement in the production of
Q157: If both the demand and the supply
Q158: The labor supply curve is_ sloping because
Q159: A price ceiling is a_ legal price
Q161: As a result of a change in
Q162: The minimum wage_ .
A)makes the equilibrium wage
Q163: All of the following are true for
Q164: A price ceiling is set above the
Q165: 
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