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-If the Government Set a Price Floor at $24

Question 164

Multiple Choice

-If the government set a price floor at $24 A) there would a temporary surplus,then prices would fall to equilibrium. B) there would be a permanent surplus,at least until the price floor was lifted. C) the price floor would not have any effect on this market. D) the price would rise to the equilibrium price.
-If the government set a price floor at $24


A) there would a temporary surplus,then prices would fall to equilibrium.
B) there would be a permanent surplus,at least until the price floor was lifted.
C) the price floor would not have any effect on this market.
D) the price would rise to the equilibrium price.

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