An effective price floor will lead to:
A.quantity demanded being greater than quantity supplied.
B.a resulting excess supply or a surplus.
C.the need for government to produce more of the good.
D.suppliers determining the amount of the good bought and sold in the market.
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Q196: Government may choose to impose a price
Q199: Figure: Market I
A.$15.
B.$9.
C.$6.
D.$0.
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