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-If the Government Set a Price Floor at $18

Question 173

Multiple Choice

-If the government set a price floor at $18 A) there would be a temporary surplus,then prices would fall to equilibrium. B) the price floor would not have any effect on this market. C) then quantity demanded would be greater than quantity supplied. D) there would be a permanent surplus,at least until the price floor was lifteD.
-If the government set a price floor at $18


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

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