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Which Action Could Cause the Price Floor Shown in the Graph

Question 95

Multiple Choice

Which action could cause the price floor shown in the graph to become non-binding? A) An increase in demand (shift to the left) B) A decrease in supply (shift to the left) C) An increase in supply (shift to the right) D) None of these would cause the price floor to become non-binding. Which action could cause the price floor shown in the graph to become non-binding?


A) An increase in demand (shift to the left)
B) A decrease in supply (shift to the left)
C) An increase in supply (shift to the right)
D) None of these would cause the price floor to become non-binding.

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