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Suppose the Equilibrium Price of a Stick of Deodorant Is

Question 257

Multiple Choice

Suppose the equilibrium price of a stick of deodorant is $4, and the government imposes a price floor of $5 per stick. As a result of the price floor, the


A) demand curve for deodorant shifts to the left.
B) supply curve for deodorant shifts to the right.
C) quantity demanded of deodorant decreases, and the quantity of deodorant that firms want to supply increases.
D) quantity supplied of deodorant stays the same.

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