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If a Price Floor Is Set at $23 in the Market

Question 79

Multiple Choice

If a price floor is set at $23 in the market shown in the graph: A) excess supply of 27 will occur. B) excess supply of 37 will occur. C) excess supply of 10 will occur. D) no excess supply will occur. If a price floor is set at $23 in the market shown in the graph:


A) excess supply of 27 will occur.
B) excess supply of 37 will occur.
C) excess supply of 10 will occur.
D) no excess supply will occur.

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