-Refer to Exhibit 4-3.If price P₁ is a price floor,then A) the quantity exchanged is Q_1. B) there is a surplus in the market for good X. C) it is the lowest price that can legally be charged in the market for good X. D) both b and c E) all of the above

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The Answer of -Refer to Exhibit 4-3.If price P₁ is a price floor,then A) the quantity exchanged is Q_1. B) there is a surplus in the market for good X. C) it is the lowest price that can legally be charged in the market for good X. D) both b and c E) all of the above