-Refer to Exhibit 4-4.Which of the following is false? A) Graph (1): There would be a shortage of the good if a price floor is set at P₃. B) Graph (2): As supply increases,equilibrium quantity remains constant. C) Graph (3): As demand increases,equilibrium price remains constant. D) Graph (4): As supply changes,equilibrium price stays the same.

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The Answer of -Refer to Exhibit 4-4.Which of the following is false? A) Graph (1): There would be a shortage of the good if a price floor is set at P₃. B) Graph (2): As supply increases,equilibrium quantity remains constant. C) Graph (3): As demand increases,equilibrium price remains constant. D) Graph (4): As supply changes,equilibrium price stays the same.