Which of the following is not an effect of a price floor?

Question

Quizplus · Accepted Answer

A price floor is a minimum price set by the government above the equilibrium price. It leads to surpluses as suppliers are willing to sell more at the higher price, but demanders are willing to buy less. Misallocation of resources occurs as resources are directed towards the surplus goods instead of other goods that may be in higher demand. Wasteful increases in quality can occur as suppliers try to differentiate their products to justify the higher price. However, there is no connection between a price floor and deregulation.

Which of the Following Is Not an Effect of a Price